Adjacent Multifamily and Retail
For Sale
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5022 West Washington Boulevard, Los Angeles, CA 90016
Portfolio includes a 21-unit apartment complex and a separate commercial building, both in an Opportunity Zone.
Property Size11,093 SF
Lot Size0.48 Acres
Price / SF$392.14
Days on Market137
Property Features for 5022 West Washington Boulevard
General Information
Standard status
Active
Size
11,093 SF
Total Parking Spaces
23
Lot size
0.48 Acres
Property subtype
Retail, Multifamily
Zoning
LAC2-1VL-CPIO
Site & Location
Neighborhood
Mid-City
Additional Details
Opportunity Zone
Yes
Multifamily Units
21
Building Details
Year Built
1939
Buildings
2
Units
23
Listing Agency:
Major Properties
Listed By:
Jesse McKenzie · License #CA 01939062
(714) 883-6875
Source:
Crexi
Added: Jun 9
Changed: Oct 9
Last Checked: Oct 23 at 4:59AM
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 Major Properties
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Investment Insights
Based on property information with market context.
An adjacent two-property portfolio offers a mix of residential income and commercial space along the Washington Boulevard corridor. 5022 W Washington Blvd is a 21-unit apartment complex with 3 vacant units and an approximately 17,553 SF building on an approximately 10,097 SF lot. The property includes 11 parking spaces and is zoned LAC2-1VL-CPIO (APN 5062-004-012).
5024–5030 W Washington Blvd is a commercial property with an approximately 13,540 SF building on an approximately 10,669 SF lot, supported by 12 parking spaces. This site is also zoned LAC2-1VL-CPIO (APN 5062-004-011) and is presented as a redevelopment opportunity.
Together, the portfolio totals approximately 11,093 SF of buildings on approximately 20,766 SF of land, and is designated as a Qualified Opportunity Zone. The offering can be acquired individually or together, with the portfolio presented as a value-add opportunity.
5024–5030 W Washington Blvd is a commercial property with an approximately 13,540 SF building on an approximately 10,669 SF lot, supported by 12 parking spaces. This site is also zoned LAC2-1VL-CPIO (APN 5062-004-011) and is presented as a redevelopment opportunity.
Together, the portfolio totals approximately 11,093 SF of buildings on approximately 20,766 SF of land, and is designated as a Qualified Opportunity Zone. The offering can be acquired individually or together, with the portfolio presented as a value-add opportunity.
Key Highlights
- Two adjacent properties at 5022 W Washington Blvd and 5024‑5030 W Washington Blvd, total 11,093 SF of buildings on 20,766 SF of land
- 21‑unit apartment complex at 5022 W Washington Blvd: 7,553 SF building on 10,097 SF lot; zoned LAC2‑1VL‑CPIO; 11 parking spaces
- 5024‑5030 W Washington Blvd commercial building: 3,540 SF building on 10,669 SF lot; zoned LAC2‑1VL‑CPIO; 12 parking spaces
Property Analytics
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Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
1,746
Businesses Nearby
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Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes a 21-unit apartment complex and a separate commercial building, both in an Opportunity Zone.
Where is this apartment building located?
The property is located at 5022 West Washington Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Two adjacent properties at 5022 W Washington Blvd and 5024‑5030 W Washington Blvd, total 11,093 SF of buildings on 20,766 SF of land; 21‑unit apartment complex at 5022 W Washington Blvd: 7,553 SF building on 10,097 SF lot; zoned LAC2‑1VL‑CPIO; 11 parking spaces; 5024‑5030 W Washington Blvd commercial building: 3,540 SF building on 10,669 SF lot; zoned LAC2‑1VL‑CPIO; 12 parking spaces
