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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$1,895,000

Est. payment - /mo

4 Beds

14 Baths

3,526 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,526 sqft

Price per Sqft $537

MLS Listing ID 26852329

Bedrooms 4

HOA Y/N No

Year Built 1945

Lot Size 8,123 Sqft

Property Description

We are pleased to present a 14-unit motel currently operating as an apartment building located along the trending Washington Blvd corridor. With 4 existing vacancies, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants, that are currently receiving subsidies, as well as several other units that can be potentially delivered vacant. The majority of units compose of bachelor style layouts, with 1 one-bedroom unit (stand-alone structure), and 1 three-bedroom unit (previous motel office). With +/-3,526sf of building located on +/-8,123sf, the property is well positioned for a local operator to continue relationships with the existing subsidy providers, or to return the property back to its original motel use. Located just minutes away from West Adams and Culver City, both investors and tenants are able to take advantage of the ever-improving amenities within the neighborhood, including but not limited to local coffee shops, breweries, restaurants, employment hubs, art galleries, and more! Buyer shall complete their own due diligence to determine the current legal use, tenancies, legal amount of units, and all aspects relating to the property.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Inclusions Both APNs: 5062-006-022 & 5062-006-021

Fireplace No

Exterior

Parking Features One Space

Total Parking Spaces 7

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5062006022

Special Listing Condition Standard

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Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

5134 W Washington BLVD Los Angeles, CA 90016

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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