Portfolio Sale: Apartment + Commercial

Major Properties is pleased to present two adjacent properties located along the rapidly evolving Washington Boulevard corridor in Mid-City Los Angeles. The portfolio includes a 21 unit apartment property at 5022 W Washington Blvd and a commercial property at 5024–5030 W Washington Blvd. The properties may be acquired individually or together, offering investors, developers, and owner-users a rare opportunity to control approximately ±20,766 SF of land within an Opportunity Zone.

5022 W Washington Blvd:
• For sale at $2,350,000 (±$311 per SF building)
• 21 unit apartment complex (3 vacant units)
• ±7,553 SF building on ±10,097 SF of land
• 11 parking spaces
• Zoned LAC2-1VL-CPIO
• APN 5062-004-012
• Current pro forma $183,660 NOI | 7.8% cap rate

5024–5030 W Washington Blvd:
• For sale at $2,000,000 (±$565 per SF building)
• Commercial retail, auto related, or service property
• ±3,540 SF building on ±10,669 SF of land
• 12 parking spaces
• Zoned LAC2-1VL-CPIO
• APN 5062-004-011
• Redevelopment opportunity
• Current $78,000 gross annual income from 3 tenants

Combined Portfolio:
For sale at $4,350,000 (±$392 per SF building)
• ±11,093 SF of buildings on ±20,766 SF of land
• Designated Qualified Opportunity Zone
• Prime Mid-City/West Adams location
• Value-add opportunity
• Flexible LAC2 zoning

• Marketing Package for 5022 & 5024-5030 W Washington Blvd
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