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    The Largest CRE Database in the US with Over 1 Million Listings

    5850 W Olympic Blvd Los Angeles, CA 90036

    Sponsored
    For Sale
    $3,950,000

    Commercial Sale - Los Angeles, CA

    Property size:
    2,304 SF
    Days on Market:
    27
    Last Refresh:
    Jan 30 at 1:06 pm

    Property Features for 5850 W Olympic Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LAR3
    APN
    5085001014
    Interior features
    Living Quarters, Phone System, Tv System
    Size
    2,304 SF

    Utilities

    Utilities
    Phone Available
    Cooling system
    Ductless, Electric, ENERGY STAR Qualified Equipment, Heat Pump

    Building Details

    Year built
    1949
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Rudd
    Joseph Rudd

    Keller Williams Realty Studio City (818) 432-1500

    Listing agent Joseph Rudd (818) 432-1500 License #01518987

    Listing date Jan 4, 2026

    MLS# SR25277086 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.

    Learn more

    Property Insight Report

    Overview

    Los Angeles Hospitality Investment Opportunity

    Located at 5850 W Olympic Blvd, the Olympic Motor Lodge is an investment and development opportunity in the Miracle Mile and Mid-Wilshire corridor of Los Angeles. The property is situated near the Academy Museum of Motion Pictures, LACMA, and the La Brea Tar Pits, and close to the dining options of Little Ethiopia. Positioned between Beverly Hills and Downtown LA, the property is located on land that may be rezoned for multi-family residential use. The property has undergone infrastructure and cosmetic upgrades. In 2024 and 2025, the motel was outfitted with Pergo laminate flooring, energy-efficient double-pane windows, and wall-mounted mini-split HVAC units. In 2024, the plumbing and water systems were updated with a new tankless water heater and a building-wide water softener system. The property has copper plumbing, a redone electrical system including a new main panel, and insulated walls. The property has a three-tiered revenue model. In addition to lodging income, the property features a passive income stream through a billboard currently leased by Lennar. The property is 2304 square feet and is zoned LAR3. The current owner’s unit features a private gas stove and washer/dryer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olympic Motor Lodge Motel

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Brandy Whittaker & Kimko Whittaker, Blue Flame Lounge LA, The Cut On Pico, S2F Entertainment Center / Venue, Los Angeles RoomRentals Pico del Mar

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.35832
    Latitude
    34.05728

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    FAQs

    What type of property is this?
    Motel - Boutique motel in Miracle Mile with development potential.
    Where is this motel located?
    The property is located at 5850 W Olympic Blvd 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.; - Significant recent (2024-2025) high-end infrastructure upgrades including new flooring, windows, HVAC, tankless water heater, and water softener.; - Three-tiered revenue model with steady lodging income and guaranteed passive income from a billboard lease.
    (818) 605-7732
    Request Owner's contact information
    5850 W Olympic Blvd Los Angeles, CA 90036
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    Los Angeles, CA 90036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5850 W Olympic Blvd Los Angeles, CA 90036
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    We can help!
    Listing Contact
    Joseph Rudd
    Joseph Rudd
    Real Estate License ID: 01518987
    (818) 605-7732
    Learn more
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