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5022 W Washington Blvd - 7.8 Cap 21-Unit Apartment 21 Unit Apartment Building Offered at $3,279,707 CAD at a 7.82% Cap Rate Los Angeles, CA 90016
Investment Highlights
- Value Add Multi-Family Investment
- $183,660 Pro Forma NOI | 7.8% Cap Rate | $106,818 Per Unit
- Available with Adjacent ±3,540 SF Commercial Building on ±10,669 SF of Land for $4,350,000
- 2-Story, 21-Unit Apartment With 11 Car Parking
- Prime Mid-City West Washington Blvd Location
Executive Summary
We are pleased to present a 21 unit multi-family property located at 5022 W. Washington Blvd in the highly desirable Mid-City Los Angeles submarket. Situated on a ±10,149 SF parcel with flexible C2 commercial zoning and Opportunity Zone designation, the property offers investors a rare value-add or redevelopment opportunity in one of Los Angeles’ strongest urban growth corridors. Originally constructed in 1948 as a motel but was converted to multifamily. The property consists of ±7,553 SF of improvements and
benefits from exceptional connectivity to Culver City, Downtown Los Angeles, USC, Koreatown, and the Westside. The property is strategically positioned along Washington Boulevard, a major east-west corridor experiencing ongoing redevelopment, increasing residential density, and expanding commercial activity. The combination of central location, Opportunity Zone tax advantages, and flexible zoning creates a compelling investment opportunity for hospitality operators, developers, and value-add investors. Note: Available with adjacent ±3,540 SF commercial building on ±10,669 SF of land for total of $4,350,000.
benefits from exceptional connectivity to Culver City, Downtown Los Angeles, USC, Koreatown, and the Westside. The property is strategically positioned along Washington Boulevard, a major east-west corridor experiencing ongoing redevelopment, increasing residential density, and expanding commercial activity. The combination of central location, Opportunity Zone tax advantages, and flexible zoning creates a compelling investment opportunity for hospitality operators, developers, and value-add investors. Note: Available with adjacent ±3,540 SF commercial building on ±10,669 SF of land for total of $4,350,000.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$412,037
|
$54.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$412,037
|
$54.55
|
| Taxes |
$40,996
|
$5.43
|
| Operating Expenses |
$114,721
|
$15.19
|
| Total Expenses |
$155,718
|
$20.62
|
| Net Operating Income |
$256,320
|
$33.94
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $412,037 |
| Annual Per SF | $54.55 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $412,037 |
| Annual Per SF | $54.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $40,996 |
| Annual Per SF | $5.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $114,721 |
| Annual Per SF | $15.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $155,718 |
| Annual Per SF | $20.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $256,320 |
| Annual Per SF | $33.94 |
Property Facts
| Price | $3,279,707 CAD | Lot Size | 0.23 AC |
| Price Per Unit | $156,177 CAD | Building Size | 7,553 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.82% | Year Built | 1948 |
| No. Units | 21 | Parking Ratio | 1.46/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAC2-1VL-CPIO | ||
| Price | $3,279,707 CAD |
| Price Per Unit | $156,177 CAD |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 21 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.23 AC |
| Building Size | 7,553 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC2-1VL-CPIO |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5062-004-012 | Total Assessment | $224,397 CAD (2025) |
| Land Assessment | $121,435 CAD (2025) | Annual Taxes | $40,996 CAD ($5.43 CAD/SF) |
| Improvements Assessment | $102,962 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5062-004-012
Land Assessment
$121,435 CAD (2025)
Improvements Assessment
$102,962 CAD (2025)
Total Assessment
$224,397 CAD (2025)
Annual Taxes
$40,996 CAD ($5.43 CAD/SF)
Tax Year
2026
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5022 W Washington Blvd - 7.8 Cap 21-Unit Apartment
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