LP.com

100% Vacant! We are pleased to present an Opportunity Zone project consisting of three (3) adjacent buildings, totaling 23,756sf of Commercial land, with existing improvements consisting of ~34 units within 14,600sf of building. Currently 100% vacant, the property had been previously zoned for a board and care home. As a development site, by utilizing 100% affordable housing incentives, there is potential for a 110-120+ unit multi-family development to be allowed on the property. As a value-add play, an investor may have the ability to convert the existing ~34 units into apartments or continue the use as a board and care facility. As an apartment building, there may be potential to add numerous ADU's in the existing garages or large common kitchen area. With its close proximity to West Adams and Culver City, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Price includes all 3 properties (5110, 5112, and 5120 W Washington Blvd). Buyer shall complete their own due diligence to determine the current legal use and what is allowed on the property. Contact the listing team for additional information.