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Multi-Family

5062 Washington Blvd

5062 W Washington Blvd, Los Angeles, CA 90016

Listing Price: $1,950,000

Lot Size
0.19 acres
Price/Acre
$10,053,497
Land Type
Land

Investment Overview

Marcus and Millichap is pleased to present 5062 Washington Blvd a 8,449 square foot development or investment opportunity located on W Washington Blvd in a prime Mid-City Location situated just off the I-10. The property currently zoned C2-1VL-CPIO and consists of a 11 unit hotel. This development lot is in a Tier 1 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits; there are currently no plans or entitlements in place. The site has alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress. 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 shopping district.

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.
  • The property currently zoned C2-1VL-CPIO and consists of a 11 unit hotel
  • Development lot is in a Tier 1 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits*
  • *there are currently no plans or entitlements in place
  • Alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress
  • 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

Exclusively Listed By

Financing By

Listing Price: $1,950,000

Lot Size
0.19 acres
Price/Acre
$10,053,497
Land Type
Land

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.
  • The property currently zoned C2-1VL-CPIO and consists of a 11 unit hotel
  • Development lot is in a Tier 1 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits*
  • *there are currently no plans or entitlements in place
  • Alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress
  • 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

Investment Overview

Marcus and Millichap is pleased to present 5062 Washington Blvd a 8,449 square foot development or investment opportunity located on W Washington Blvd in a prime Mid-City Location situated just off the I-10. The property currently zoned C2-1VL-CPIO and consists of a 11 unit hotel. This development lot is in a Tier 1 TOC and presents an investor the opportunity to build up to 33 units utilizing the TOC benefits; there are currently no plans or entitlements in place. The site has alley access from S Redondo Blvd and S Orange Dr providing extra buildable square footage and options for parking ingress and egress. 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 shopping district.

Exclusively Listed By

Financing By

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