5850 W Olympic Los Angeles, CA 90036
3,436 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25277086
HOA Y/N No
Year Built 1949
Annual Tax Amount $12,800
Tax Year 2025
Lot Size 3,436 Sqft
Lot Dimensions Assessor
Property Sub-Type Retail
Property Description
The property has undergone a comprehensive series of high-end infrastructure and cosmetic upgrades that ensure a turnkey experience with virtually no deferred maintenance. In 2024 and 2025 alone, the motel was outfitted with brand-new Pergo laminate flooring, energy-efficient double-pane windows, and wall-mounted mini-split HVAC units for modern climate control. The plumbing and water systems were similarly revolutionized in 2024 with the installation of a new tankless water heater and a building-wide water softener system. These recent improvements build upon a solid foundation of copper plumbing and a fully redone electrical system—including a new main panel—and fully insulated walls, all completed to ensure long-term structural integrity and efficiency.
Beyond its physical excellence, the motel offers a robust, three-tiered revenue model that provides immediate financial stability. In addition to steady lodging income, the property features a guaranteed passive income stream through a billboard currently leased by Lennar. There is significant untapped upside for a new owner-operator; by converting the current owner's unit—which features a private gas stove and washer/dryer—back into a guest room and renting out the second family unit, the monthly rent roll can be substantially increased. Whether viewed as a high-performing boutique hospitality asset or a strategic land-bank for future multi-family development, this Miracle Mile gem is perfectly positioned for the sophisticated investor.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Rooms
Other Rooms Living Quarters
Interior
Heating Ductless, Electric, ENERGY STAR Qualified Equipment, Heat Pump
Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Heat Pump
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Community Features Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Flat,Fire Proof
Present Use Commercial
Total Parking Spaces 4
Building
Lot Description 6-10 Units/Acre, Corner Lot, Drip Irrigation/Bubblers, Garden, Near Park, Paved, Sprinklers Timer, Sprinkler System, Walkstreet
Story 2
Water Public
Additional Building Living Quarters
Others
Tax ID 5085001014
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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West Hollywood Elementary
Public | KG - 5
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Beverly Vista School
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Canfield Avenue Elementary School
Public | KG - 5
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Horace Mann School
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Citizens of the World Charter
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Castle Heights Elementary School
Public | KG - 5
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Hancock Park Elementary
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Melrose Avenue Elementary School
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3rd Street Elementary School
Public | KG - 5
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Larchmont Charter
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Queen Anne Place Elementary School
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Linwood E. Howe Elementary School
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Baldwin Hills Elementary School
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Gardner Street Elementary
Public | PK - 5
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Hollywood Primary Center
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Marvin Avenue Elementary
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Cienega Elementary School
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Wilshire Park Elementary
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Van Ness Avenue Elementary
Public | KG - 5
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Shenandoah Street Elementary School
Public | KG - 5
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Los Angeles Center for Enriched Studies
Public | 6 - 12
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New los Angeles Charter
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John Burroughs Middle School
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Magnolia Science Academy 6
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Pico Pico Middle School
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Magnolia Science Academy 5
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Bancroft Middle School
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Joseph Le Conte Middle School
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Johnnie Cochran Jr. Middle School
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Apex Academy
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Angela's Workshop
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Yeshivat Ohr Chanoch
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Star Preparatory Academy
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Pacific Hills School
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Urban Village Middle School
Public | 6 - 8
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West Hollywood Opportunity
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The Episcopal School of los Angeles
Private | 6 - 9
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Marlborough School
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Frederick Douglass Academy Middle School
Public | 6 - 8
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Richard A. Alonzo Community Day
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Fairfax High School
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Math and Science College Preparatory
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Frederick Douglass Academy High School
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STEM Academy of Hollywood
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Alexander Hamilton High School
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Hollywood High School
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Los Angeles High School
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Dorsey High School
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Helen Bernstein High School
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Yula Boys High School
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Cheviot Hills Continuation
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Yula Girls High School
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Mesivta Birkas Yitzchok
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Shalhevet High School
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Shalhevet School
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Harkham-Gaon Acadamy
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Whitman Continuation
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Shaarei Torah California Rabbinical College
Private | 9 - 12
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Bais Yaakov School for Girls
Private | 9 - 12
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Yeshiva Gedolah of los Angeles
Private | 9 - 12