Two-Story Transitional Housing
5061 W Sunset Blvd Los Angeles, CA 90027
5061 W Sunset Blvd, Los Angeles, CA, 90027
$1,299,000
For Sale
$1,299,000
Two-story building with 14 rooms, meeting rooms, and multiple bathrooms previously configured for transitional housing.
Property Size3,330 SF
Price / SF$390.09
Days on Market737
Property Features for 5061 W Sunset Blvd
General Information
- Standard status
- Active
- Size
- 3,330 SF
Listing agency
Wilshire Advisory Group, Inc
(310) 202-9008
Listed by
Brad Kesner
(310) 202-9008
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 21 at 4:46AM Checked: Jul 21 at 4:46AM
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 Wilshire Advisory Group, Inc
Investment Insights
Based on property information with market context.
This unique two-story, 3,330 SF building was previously used for transitional housing and is now offered for sale with an owner-user or redevelopment mindset. The first floor includes six rooms and four bathrooms, along with a meeting room, laundry room, kitchen, dining area, and storage room. The second floor features eight rooms and two bathrooms, plus a meeting room and sitting area.
Located at 5061 W Sunset Blvd in Los Angeles, the property’s configuration supports a variety of possible uses, subject to approval. Public remarks note that a small company could be accommodated, and the building may also be considered for potential motel/hostel/SRO use; interested parties should confirm permitted uses with the City.
Overall, the property offers a clear internal layout across two floors with dedicated common and utility spaces, including meeting, laundry, kitchen, and dining areas, as well as storage.
Located at 5061 W Sunset Blvd in Los Angeles, the property’s configuration supports a variety of possible uses, subject to approval. Public remarks note that a small company could be accommodated, and the building may also be considered for potential motel/hostel/SRO use; interested parties should confirm permitted uses with the City.
Overall, the property offers a clear internal layout across two floors with dedicated common and utility spaces, including meeting, laundry, kitchen, and dining areas, as well as storage.
Key Highlights
- Two‑story 3,330 SF building previously used for transitional housing
- First floor includes 6 rooms and 4 bathrooms, plus meeting room, laundry room, kitchen, dining area, and storage room
- Second floor features 8 rooms and 2 bathrooms, with meeting room and sitting area
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.9k | $30.00 |
| − Vacancy | −$10.0k | −$3.00 |
| EGI | $89.9k | $27.00 |
| − OpEx | −$47.2k | −$14.18 |
| NOI | $42.7k | $12.83 |
3,330 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$610.1K
$533.8K – $711.8K
NOI $42,707 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$67.46M
$59.03M – $78.71M
NOI $4,722,466 @ 7.0% cap · market cap 363.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sunset Laundry
(Bike/Boat/Book/etc) Store
Replika Vintage inc
(Bike/Boat/Book/etc) Store
The NEW! Sunset Laundry
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Luxy Hollywood — 5666 Lexington Ave, Los Angeles, CA 90038
- College Hotel — 4620 Santa Monica Blvd, Los Angeles, CA 90029
- Western Plaza Motel — 1066 Wilton Pl, Los Angeles, CA 90038
- Kids Birthday Venue - Wiggle & Work — 968 N Vermont Ave, Los Angeles, CA 90029
- The Wilton Manor — 1039 Wilton Pl, Los Angeles, CA 90038
FAQs
What type of property is this?
Motel - Two-story building with 14 rooms, meeting rooms, and multiple bathrooms previously configured for transitional housing.
Where is this motel located?
The property is located at 5061 W Sunset Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑story 3,330 SF building previously used for transitional housing; First floor includes 6 rooms and 4 bathrooms, plus meeting room, laundry room, kitchen, dining area, and storage room; Second floor features 8 rooms and 2 bathrooms, with meeting room and sitting area
