5850 W Olympic Los Angeles, CA 90036
New
Boutique hospitality asset in Miracle Mile with development potential.
Type:Commercial
- Added:
- Apr 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 24 at 3:07 pm
Property Features for 5850 W Olympic
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agent Joseph Rudd License #01518987 (818) 605-7732
Listing office Keller Williams Realty Studio City (818) 605-7732
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Studio City
Overview
Olympic Motor Lodge Investment Opportunity
The Olympic Motor Lodge, located at 5850 W Olympic Blvd in Los Angeles, CA, is a hospitality property presenting investment and development opportunities in the Miracle Mile and Mid-Wilshire corridor. The property is situated near the Academy Museum of Motion Pictures, LACMA, and the La Brea Tar Pits, with access to dining in Little Ethiopia. Positioned between Beverly Hills and Downtown LA, the property's location offers potential rezoning for multi-family residential use. The motel 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 upgraded in 2024 with the installation of a new tankless water heater and a building-wide water softener system. These improvements build upon copper plumbing and a redone electrical system, including a new main panel, and insulated walls. The property features a revenue model that provides financial stability. In addition to lodging income, the property features a passive income stream through a billboard currently leased by Lennar. 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. The location has a Bike Score of 66, Walk Score of 98, and Transit Score of 60.
Location Intelligence
Current Use by Public Records
Olympic Motor Lodge
Hotel & Motel
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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 - Boutique hospitality asset in Miracle Mile with development potential.
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, a high‑demand area near major cultural attractions and dining.; Lucrative development potential due to possible rezoning for multi‑family residential use.; Extensive recent (2024‑2025) high‑end infrastructure and cosmetic upgrades, including new flooring, windows, HVAC, tankless water heater, and water softener.
