LKV Realty
Logo
$1,599,000
$6,000Reward *
5062 W Washington Boulevard, Los Angeles, CA 90016Listing ID 26867059

5062 W Washington Boulevard, Los Angeles, CA 90016

Active
Time on site: 11 daysLast updated: 2 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bathrooms
Bathrooms
11
Acres
Acres
0.19
Days on Site
Days on Site
10
Cooling
Cooling
None
Heating
Heating
None
Stories
Stories
1
Parking
Parking
Driveway

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.

Property Information

Property Details

Location

Address
5062 W Washington Boulevard
County
Los Angeles
City
Los Angeles
Zip Code
90016
MLS Area
C16 - Mid Los Angeles

Interior Features

Heating and Cooling

Cooling
None
Heating
None

Building

Building Information

Stories
1

Financial

Special Conditions
Standard
Erica Sook JungDream Realty & Investments Inc, (213) 380-8949

Market Report for 90016

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CLW-C102036