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5850 Olympic, Los Angeles, CA 90036
Priced at Only: $3,950,000
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Address: 5850 Olympic, Los Angeles, CA 90036
Property Location and Similar Properties
- MLS#: SR25277086 ( Retail )
- Street Address: 5850 Olympic
- Viewed: 1
- Price: $3,950,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1949
- Bldg sqft: 0
- Days On Market: 79
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90036
- Provided by: Keller Williams Realty-Studio City
- Contact: Joseph Joseph

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DescriptionLocated at 5850 W Olympic Blvd, the Olympic Motor Lodge represents a premier investment and development opportunity in the heart of Los Angeles high demand Miracle Mile and Mid Wilshire corridor. This strategic location places the property in a world class cultural hub, situated just blocks from the Academy Museum of Motion Pictures, LACMA, and the La Brea Tar Pits, while remaining steps away from the vibrant dining scene of Little Ethiopia. Centrally positioned between the luxury of Beverly Hills and the commercial energy of Downtown LA, the property sits on a prime parcel of land where potential rezoning for multi family residential use offers a lucrative long term play for developers looking to capitalize on the city's increasing density. 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 systemincluding a new main paneland 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 owners unitwhich features a private gas stove and washer/dryerback 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.
Features
Accountingtype
- Actual
Assetclass
- Hotel/Motel
Building Area Total
- 2304.00
Building Features
- Living Quarters
- Phone System
- TV System
Building Name
- Olympic Motor Lodge
Carport Spaces
- 0.00
Commoninterest
- None
Construction Materials
- Stucco
Cooling
- Ductless
- Electric
- ENERGY STAR Qualified Equipment
- Heat Pump
Country
- US
Current Use
- Commercial
Current Use Comments
- Motel owner user
Electric Expense
- 1536.00
Expense Year
- 2025
Heating
- Ductless
- Electric
- ENERGY STAR Qualified Equipment
- Heat Pump
Insurance Expense
- 4923.96
Land Use
- Retail
Laundry Equipment Own Lease
- Own
Laundry Features
- Gas & Electric Dryer Hookup
Laundry Income
- 0.00
Netoperatingincome
- 95907.95
Otherexpense
- 950.00
Otherincome1
- 1000.00
Parcel Number
- 5085001014
Property Type
- Retail
Roof
- Asphalt
- Fire Retardant
- Flat
Signage
- Sign Freestanding
Suppliesexpense
- 6000.00
Totalexpenses
- 40092.05
Trash Expense
- 1632.00
Uncovered Spaces
- 4.00
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Water Connected
Vacancyallowance
- 15000
Water Sewer Expense
- 7200.00
Water Source
- Public
Year Built
- 1949
Year Built Source
- Assessor
Zoning
- LAR3
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com






















