Prime Los Angeles Development
5850 W Olympic, Los Angeles, CA 90036
Commercial/Residential, Mediterranean - Los Angeles, CA
Property size:
2,304 SFLot size:
3,436.00 AcresPrice / SF:
$1,714/SF- Added:
- Apr 2, 2026
- Days on Market:
- 47
- Last Refresh:
- May 18 at 9:06 pm
Property Features for 5850 W Olympic
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 7
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room, Utility Room
- Parking
- 4
- Parking features
- Driveway, Paved or Surfaced, Side by Side
- Window features
- Double Pane Windows
- Interior features
- Phone System, Recessed Lighting, Storage, Parking, Disability Features, Energy Star Qualified Doors, Carbon Monoxide Detector(s), Window Features: Double Pane Windows, Energy Star Qualified Windows
- Exterior features
- Community Features Included: Curbs, Biking, Urban, Sidewalks, Corner Lot, 0-1 Unit/Acre, Irregular Lot, Front Yard, Garden
- Appliances
- Dishwasher, Garbage Disposer, Range, Washer
- Standard status
- Active
- APN
- 5085001014
- Size
- 2,304 SF
- Lot size
- 3,436.00 Acres
Utilities
- Utilities
- Phone Available
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless, ENERGY STAR Qualified Equipment
Building Details
- Year built
- 1949
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- Laminate
- Roof type
- Flat
- Architectural style
- Mediterranean
Listing agent Joseph Rudd License #01518987 (818) 605-7732
Listing office Keller Williams Realty-Studio City 12711 Ventura Blvd., Studio City, CA (818) 432-1500
Listing date Apr 2, 2026
MLS# SR26055959
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the Miracle Mile/Mid‑Wilshire corridor, near cultural landmarks and Little Ethiopia.
- Lucrative potential for multifamily residential development through rezoning.
- Turnkey condition with high‑end infrastructure and cosmetic upgrades completed in 2024 and 2025, including new flooring, windows, HVAC, and water systems.
- Three‑tiered revenue model with steady lodging income and guaranteed passive income from a billboard lease.
- Significant upside potential by converting units into rentable guest rooms to increase monthly rent roll.
- Solid structural foundation with copper plumbing, redone electrical system, and fully insulated walls.
Overview
Located at 5850 W Olympic Blvd, the property presents an investment and development opportunity in the Miracle Mile and Mid-Wilshire corridor of Los Angeles. The location is near the Academy Museum of Motion Pictures, LACMA, and the La Brea Tar Pits, and close to the dining scene of Little Ethiopia, between Beverly Hills and Downtown LA. The property sits on a parcel of land where potential rezoning for multifamily residential use offers a long-term opportunity for developers. The property has undergone infrastructure and cosmetic upgrades. In 2024 and 2025, the motel was outfitted with new Pergo laminate flooring, energy-efficient double-pane windows, and wall-mounted mini-split HVAC units. The plumbing and water systems were revolutionized in 2024 with the installation of a new tankless water heater and a building-wide water softener system. These improvements build upon a foundation of copper plumbing and a redone electrical system, including a new main panel, and fully insulated walls. The property offers a three-tiered revenue model. In addition to lodging income, the property features a passive income stream through a billboard currently leased. There is potential for a new owner-operator to convert the current owner’s unit—which features a private gas stove and washer/dryer—back into a guest room and rent out the second family unit, increasing the monthly rent roll. The property is positioned for the investor as a hospitality asset or a land-bank for future multi-family development.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Olympic Motor Lodge
Hotel & Motel
Similar Places Nearby
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- S2F Entertainment Center / Venue — 1414 S Redondo Blvd, Los Angeles, CA 90019
- Los Angeles RoomRentals Pico del Mar — Pico Blvd, S Sycamore Ave, Los Angeles, CA 90019
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.35832
- Latitude
- 34.05728
Nearby Similar for Sale
FAQs
What type of property is this?
Motel - Commercial/Residential property in Miracle Mile, Los Angeles. Turnkey with upgrades.
Where is this motel located?
The property is located at 5850 W Olympic Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime location in the Miracle Mile/Mid‑Wilshire corridor, near cultural landmarks and Little Ethiopia.; Lucrative potential for multifamily residential development through rezoning.; Turnkey condition with high‑end infrastructure and cosmetic upgrades completed in 2024 and 2025, including new flooring, windows, HVAC, and water systems.
