5850 W Olympic #7, Los Angeles, CA 90036
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
5850 W Olympic #7,Los Angeles, CA 90036
$3,950,000
- - Beds
- - Baths
- 2,304 sq. ft.
- Multi-family
- Active
Listed by: joseph rudd
Office: keller williams realty-studio city818-432-1500
MLS#:SR26055959
Source:CRMLS
Price summary
- Price:$3,950,000
- Price per sq. ft.:$1,714.41
About this home
Located 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 multifamily 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 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....
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Home facts
- Year built:1949
- Listing ID #:SR26055959
- Added:9 day(s) ago
- Updated:April 12, 2026 at 10:34 AM
Rooms and interior
- Flooring:Laminate
- Kitchen Description:Dishwasher, Disposal, Electric Range, Gas Range
- Living area:2,304 sq. ft.
Heating and cooling
- Cooling:Ductless Air
- Heating:Ductless
Structure and exterior
- Roof:Flat
- Year built:1949
- Building area:2,304 sq. ft.
- Lot area:0.08 Acres
- Lot Features:Corner Lot, Front Yard, Garden, Irregular Lot
- Architectural Style:Mediterranean
- Exterior Features:RainGutters
- Foundation Description:Raised
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$3,950,000
- Price per sq. ft.:$1,714.41
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Range
- Amenities:Carbon Monoxide (CO2) Detector, Phone System, Rain Gutters, Recessed Lighting, Storage, Utility Room
Parking
- Total parking spaces:4
- Parking description:Driveway, On Site, Paved, Side By Side
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