5062 W Washington Blvd | Los Angeles, CA 90016
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- LoopNet Team
5062 W Washington Blvd
Los Angeles, CA 90016
5062 W Washington Blvd · Hospitality Property For Sale
·
2,820 SF
INVESTMENT HIGHLIGHTS
- An 8,449 sf development or investment opportunity located on W Washington Blvd just west of La Brea Blvd in a prime Mid-City location
- Development lot is in a Tier 1 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits*
- Alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress
- The property currently zoned C2-1VL-CPIO and consists of a 11 unit hotel
- *there are currently no plans or entitlements in place
- Mid-Wilshire is a prime Central LA location known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1946 |
| Building Class | C | Parking Ratio | 3.54/1,000 SF |
| Lot Size | 0.19 AC | Corridor | Exterior |
| Building Size | 2,820 SF | ||
| Zoning | LAC2 - The property currently zoned C2-1VL-CPIO Within Opportunity Zone TOC Tier 1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 2,820 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 3.54/1,000 SF |
| Corridor | Exterior |
| Zoning | LAC2 - The property currently zoned C2-1VL-CPIO Within Opportunity Zone TOC Tier 1 |
AMENITIES
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 5062-006-034 | Improvements Assessment | $302,444 |
| Land Assessment | $1,697,932 | Total Assessment | $2,000,376 |
PROPERTY TAXES
Parcel Number
5062-006-034
Land Assessment
$1,697,932
Improvements Assessment
$302,444
Total Assessment
$2,000,376
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