Los Angeles, CA 90016
$1,895,000

Mark Quesada
Broker / Owner
DRE #02101365
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.
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$13,986/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Interior
Construction
Lot & parking
$950,000
Median sale price
37 days
Avg days on market
100.2% of list
Sells for
Closed sales in 90016 over the last 6 months, all home types.
Listed by Casey Lins, Kidder Mathews of California, Inc.
Co-listed by Vincent Cook, Kidder Mathews of California, Inc
MLS# 26852329 · Active
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.