Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$1,895,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
120
Last Updated
Beds
4
3/4 Baths
14
Square Ft.
3,526
Lot Size
0.19 Acres
Year Built
1945
MLS Number
26852329
Additional Details
Building
Built in 1945, Living area: 3526.0, 2 buildings, 1 storey, Levels: One
Cooling
None
Disclosures
RentControl
Heating
WallFurnace
Income
Gross Income: $251,220, Net Operating Income: $166,445
Lot
0.1865 acres
Parking
7 open parking spaces, 7 total parking spaces, OneSpace
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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