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21-Unit Apartment + Commercial Property 2 Properties Offered at $4,350,000 in Los Angeles, CA
Investment Highlights
- Value-Add Purchase Opportunity
- 21-Unit Apartment Plus Commercial Property
- Prime West Washington Mid-City Location
- 2 Adjacent Properties Available Separately or Together
- Current Combined $373,236 Gross Annual Income
- Designated Qualified Opportunity Zone Location
Executive Summary
Major Properties is pleased to present two adjacent commercial properties located along the rapidly evolving Washington Boulevard corridor in Mid-City Los Angeles. The portfolio includes a 21 unit apartment property at 5022 W Washington Blvd and a commercial property at 5024–5030 W Washington Blvd. The properties may be acquired individually or together, offering investors, developers, and owner-users a rare opportunity to control approximately ±20,766 SF of land within an Opportunity Zone.
5022 W Washington Blvd:
• For sale at $2,350,000 (±$311 per SF building)
• 21 unit apartment complex (3 vacant units)
• ±7,553 SF building on ±10,097 SF of land
• Value-add opportunity
• Current pro forma $183,660 NOI | 7.8% cap rate
5024–5030 W Washington Blvd:
• For sale at $2,000,000 (±$565 per SF building)
• Commercial property
• ±3,540 SF building on ±10,669 SF of land
• Redevelopment opportunity
• Current $78,000 gross annual income
Combined Portfolio:
For sale at $4,350,000 (±$392 per SF building)
• ±11,093 SF of buildings on ±20,766 SF of land
• Designated Qualified Opportunity Zone
• Prime Mid-City/West Adams location
• Flexible LAC2 zoning
5022 W Washington Blvd:
• For sale at $2,350,000 (±$311 per SF building)
• 21 unit apartment complex (3 vacant units)
• ±7,553 SF building on ±10,097 SF of land
• Value-add opportunity
• Current pro forma $183,660 NOI | 7.8% cap rate
5024–5030 W Washington Blvd:
• For sale at $2,000,000 (±$565 per SF building)
• Commercial property
• ±3,540 SF building on ±10,669 SF of land
• Redevelopment opportunity
• Current $78,000 gross annual income
Combined Portfolio:
For sale at $4,350,000 (±$392 per SF building)
• ±11,093 SF of buildings on ±20,766 SF of land
• Designated Qualified Opportunity Zone
• Prime Mid-City/West Adams location
• Flexible LAC2 zoning
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$373,236
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$373,236
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $373,236 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $373,236 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $4,350,000 | Number of Properties | 2 |
| Price / SF | $392.14 / SF | Individually For Sale | 2 |
| Sale Type | Investment or Owner User | Total Building Size | 11,093 SF |
| Status | Active | Total Land Area | 0.48 AC |
| Price | $4,350,000 |
| Price / SF | $392.14 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 11,093 SF |
| Total Land Area | 0.48 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5022 W Washington Blvd, Los Angeles, CA 90016 | Multifamily | 7,553 SF | 1948 | $2,350,000 |
| 5024-5030 W Washington Blvd, Los Angeles, CA 90016 | Retail | 3,540 SF | 1939 | $2,000,000 |
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21-Unit Apartment + Commercial Property
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