5062 W Washington Boulevard, Los Angeles, CA 90016
List Price: $1.6M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 11 Bathrooms
Property Type: ResidentialIncome
Lot Size: 8,452 sq ft
MLS Number: 26867059
About This Property
Exceptional value-add and redevelopment opportunity in the heart of Mid-City Los Angeles. Situated on an approximately 8,452 SF LAC2-zoned lot, this property is currently improved with a vacant 11-room motel and offers a wide range of future possibilities. Located within an Opportunity Zone and TOC Tier 1, the site may offer attractive redevelopment potential, subject to buyer's independent investigation and verification with the City of Los Angeles. The property features convenient alley access, providing flexibility for site planning, parking, and future improvements. Ideally positioned near Culver City, Miracle Mile, Mid-Wilshire, Downtown Los Angeles, Metro transit, major freeways, shopping, dining, and employment centers. This centrally located property presents an excellent opportunity for investors, developers, owner-users, or those seeking a long-term investment in one of Los Angeles' most dynamic growth corridors.
Listing provided by: Erica Sook Jung DRE #01891150 213-380-8949 RealtorEricaJung@Gmail.com, Dream Realty & Investments Inc
Source: CRMLS, MLS #: 26867059
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.