5022 West Washington Boulevard, Los Angeles, CA 90016

Major Properties is pleased to present two adjacent commercial 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 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

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