No Photos
Image 1 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 2 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 3 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 4 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 5 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 6 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 7 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 8 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Image 9 - Washington Boulevard, Los Angeles, CA 90016, USA - House for sale
Home For Sale In Los Angeles, California
Washington Boulevard, Los Angeles, CA 90016, USA

Home For Sale In Los Angeles, California

house for sale
views
Listed: 03/07/24

Washington Boulevard, Los Angeles, CA 90016, USA

14 Bed:
14 Bath:
3,526 Sq Ft Living Area:
Save
Price
$ 2,25M

About This House

Price reduced again ! 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 and a projected 6.95% CAP upon leasing of the vacancies, there is immediate opportunity for an operator to renovate and add-value while working with the existing tenants (majority of which are transitional housing) that are currently receiving subsidies up to$1, 660per month! The majority of units compose of bachelor style layouts (no kitchen), with 1 one bedroom unit (stand-alone structure), and 1 two bedroom unit (previous motel office). With 3, 526sf of building located on 8, 123sf of land, the property is well positioned for a local operator to continue relationships …  Full description

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Similar Houses for Sale Nearby

$2,35M

14
12
7,598 Sq Ft

$2,35M

Available: Right Now

Listed: 21/05/2024

4707 Venice Boulevard, Los Angeles, CA 90019, USA

House
14
12
7,598 Sq Ft

We are pleased to offer for sale a 12-unit apartment community located at 4639 Lomita Street. The subject property is located just south of Venice Boulevard and east of La Brea Avenue. This property is being sold as part of a 5 building, 79-unit port...

$1,8M

14
5
4,620 Sq Ft

$1,8M

Available: Right Now

Listed: 21/05/2024

1432 West 20th Street, Los Angeles, CA 90007, USA

House
14
5
4,620 Sq Ft

Situated at 2005 Magnolia Avenue, Los Angeles, CA 90007,this charming property presents a unique investment opportunity. Comprising two units across4, 620square feet, this two-level residence boasts a rich history dating back to its construction in 1...

$2,65M

14
18
5,390 Sq Ft

$2,65M

Available: Right Now

Listed: 21/05/2024

807 North Kingsley Drive, Los Angeles, CA 90029, USA

House
14
18
5,390 Sq Ft

Great opportunity to live in one unit and collect rent from three other units or we can get the last unit rented out for you before the close of the escrow. This four year old 4 plex consists of two buildings each with 2-story side-by-side townhome s...

$2,4M

14
15
6,025 Sq Ft

$2,4M

Available: Right Now

Listed: 21/05/2024

663 East 28th Street, Los Angeles, CA 90011, USA

House
14
15
6,025 Sq Ft

Introducing a prime investment opportunity at637-639 E28th Street: a contemporary 4plex, built in 2020, boasting a stellar location near DTLA and USC. This property presents a lucrative cash flow prospect with all units currently tenant occupied. Eac...

$1,8M

14
8
4,474 Sq Ft

$1,8M

Available: Right Now

Listed: 19/05/2024

3207 Bartdon Avenue, Inglewood, CA 90303, USA

House
14
8
4,474 Sq Ft

Part of an 8 Building Portfolio! Can be sold individually or as a portfolio. 3205 Bartdon Ave is a fully renovated and turnkey 6 unit apartment in Inglewood. Priced at a11.07 GRMand 6.25% Current Cap rate, this asset is ideal for any investor looking...

$2,5M

14
10
7,068 Sq Ft

$2,5M

Available: Right Now

Listed: 21/05/2024

Alley 81209, Los Angeles, CA 91423, USA

House
14
10
7,068 Sq Ft

4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its Assumable financing at 3.51 %, spacious7, 068square footage building sit...

Mid-City Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.