Los Angeles, CA 90016
$1,599,000
Mark Quesada
Broker / Owner
DRE #02101365
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.
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$11,801/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.
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Interior
Construction
Lot & parking
$950,000
Median sale price
37 days
Avg days on market
100.1% of list
Sells for
Closed sales in 90016 over the last 6 months, all home types.
Listed by Erica Sook Jung, Dream Realty & Investments Inc
MLS# 26867059 · Active
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
