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5134-5136 Washington blvd 14 Unit Apartment Building $1,995,000 ($142,500/Unit) 8.28% Cap Rate Los Angeles, CA 90016
Investment Highlights
- 14-unit building currently configured as an apartment complex, originally a motel.
- Located along Washington Blvd corridor near West Adams and Culver City.
- Opportunity Zone designation may provide significant tax advantages.
- Immediate upside with four vacant units and potential for strategic renovations.
- In proximity to local breweries, cafes, restaurants, and art venues.
- Easy access to major arterials and public transit in a rapidly revitalizing neighborhood.
Executive Summary
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. For more information please contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com.
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. For more information please contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$165,195
|
$46.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $165,195 |
| Annual Per SF | $46.85 |
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $142,500 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,526 SF |
| Cap Rate | 8.28% | Average Occupancy | 71% |
| Gross Rent Multiplier | 7.94 | No. Stories | 1 |
| No. Units | 14 | Year Built | 1946 |
| Property Type | Multifamily | Parking Ratio | 1.99/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAC2 - Commercial | ||
| Price | $1,995,000 |
| Price Per Unit | $142,500 |
| Sale Type | Investment |
| Cap Rate | 8.28% |
| Gross Rent Multiplier | 7.94 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,526 SF |
| Average Occupancy | 71% |
| No. Stories | 1 |
| Year Built | 1946 |
| Parking Ratio | 1.99/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC2 - Commercial |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,800 | - |
| 1+1 | 1 | $2,050 | - |
| Studios | 12 | $1,413 | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $147,152 | |
| Land Assessment | $893,681 | Total Assessment | $1,040,833 |
Property Taxes
Parcel Numbers
Land Assessment
$893,681
Improvements Assessment
$147,152
Total Assessment
$1,040,833
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