Olympic Motor Lodge Investment Opportunity

5850 W Olympic, Los Angeles, CA 90036

View on Map

For Sale

$3,950,000

Boutique hospitality asset in Miracle Mile with development potential.

Type:Commercial

HighLights

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.
Solid infrastructure foundation with copper plumbing, fully redone electrical system, and fully insulated walls.
Three‑tiered revenue model with lodging income and guaranteed passive income from a billboard lease.
Opportunity to increase monthly rent roll by converting owner's unit and second family unit into guest rooms.

We can help!

Listing Contact

Joseph Rudd

Learn more

For Sale

$3,950,000

Boutique hospitality asset in Miracle Mile with development potential.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 49
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

We can help!

Listing Contact

Joseph Rudd

Listing agent Joseph Rudd License #01518987

Listing office Keller Williams Realty Studio City

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

HighLights

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.
Solid infrastructure foundation with copper plumbing, fully redone electrical system, and fully insulated walls.
Three‑tiered revenue model with lodging income and guaranteed passive income from a billboard lease.
Opportunity to increase monthly rent roll by converting owner's unit and second family unit into guest rooms.

Overview

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

Suggested Use

Similar Places Nearby

Brandy Whittaker & Kimko Whittaker — 1309 meadowbrook ave, los angeles, ca 90019
Blue Flame Lounge LA — 5047 W Pico Blvd, Los Angeles, CA 90019
The Cut On Pico — 1383 Hauser Blvd, Los Angeles, CA 90019
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

$2,600,000

10,944 SF

Los Angeles Commercial Investment Opportunity

Prime investment property in the heart of the Fashion District.

1212 S San Pedro Street, Los Angeles, CA 90015

View Details
$1,199,999

2,526 SF

Los Angeles Retail Opportunity

Single-tenant retail asset with high visibility and growth potential.

4254 Floral, Los Angeles, CA 90063

View Details
$3,990,000

8,688 SF

Prime Automotive Land in Los Angeles

Six parcels with buildings in established automotive corridor.

125 E Florence Ave, Los Angeles, CA 90003

View Details
$950,000

3,040 SF

Los Angeles Industrial Owner-User Opportunity

Rare industrial building in central Los Angeles, ideal for owner-users.

1915 S Santa Fe, Los Angeles, CA 90021

View Details
$1,175,000

1,617 SF

Eagle Rock Commercial/Residential Opportunity

Commercially zoned property in Eagle Rock, ideal for live/work.

1063 Colorado, Los Angeles, CA 90041

View Details
$2,099,000

10,233 SF

Multifamily Property in Boyle Heights

12-unit multifamily property in prime Boyle Heights, Los Angeles.

117 N St Louis, Los Angeles, CA 90033

View Details
$1,999,000

12,306 SF

Los Angeles Multifamily Investment Opportunity

Classic 11-unit Spanish Colonial near Downtown Los Angeles.

2375 W 12th St, Los Angeles, CA 90006

View Details
$2,295,000

10,492 SF

Highland Park Multifamily Value-Add Opportunity

14-unit apartment building in a sought-after Los Angeles location.

820 Chestnut Ave, Los Angeles, CA 90042

View Details
$895,000

3,372 SF

Four-Unit Residential Income Property

Four-unit building with ample rear parking, including three 1-bedroom units and a 3-bedroom delivered vacant at close.

1467 W Vernon, Los Angeles, CA 90062

View Details
$1,556,000

3,999 SF

Adjacent 11-Unit Residential Income Properties

Two adjacent multifamily buildings with 11 units on an LAR4-zoned lot, offering income and development flexibility.

964 S New Hampshire Ave, Los Angeles, CA 90006

View Details
$2,334,000

3,786 SF

Apartment Income Property with Covered Parking

Two adjacent apartment buildings with 11 total units, covered parking, and LAR4 zoning sold concurrently.

968 S New Hampshire Ave, Los Angeles, CA 90006

View Details
$2,900,000

7,300 SF

Modern Multifamily Community in Los Angeles

Newly constructed five-unit multifamily property in Pico-Union, Los Angeles.

1724 Menlo Avenue, Los Angeles, CA 90006

View Details

For sale
Motels
CA
Los Angeles
90036
5850 W Olympic

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.