5850 W Olympic #7 Los Angeles, CA 90036
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26055959
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1949
Lot Size 3,436 Sqft
Property Sub-Type Mixed Use
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
Interior
Interior Features Phone System, Recessed Lighting, Storage, Primary Suite, Utility Room
Heating Ductless, ENERGY STAR Qualified Equipment
Cooling Ductless, ENERGY STAR Qualified Equipment
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, ENERGY STAR Qualified Appliances, Electric Range, Disposal, Gas Range
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, On Site, Paved, See Remarks, Side By Side
Pool None
Community Features Biking, Curbs, Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Flat
Accessibility Parking
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Front Yard, Garden, Irregular Lot
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Mediterranean
New Construction No
Construction Status Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 5085001014
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Energy Description 1536.0
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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