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5850 W Olympic #7

Los Angeles, CA 90036
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Bed 0

Bed

Bath 0

Bath

SqFt2,304

Sqft

SqFt3,436

Sqft(Lot)

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 seri es 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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Detail Ic Property Details

Property Type : Residential Income

Price : $3,950,000

AD Id : 76718716

MLS Id : SR26055959

Lot Size : 3,436 Sqft

Living Area Size : 2,304

Year Built : 1949

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Flat Exterior Property Features: Rain Gutters Interior Features: Phone System,Recessed Lighting,Storage,Primary Suite,Utility Room Windows: Double Pane Windows,ENERGY STAR Qualified Windows Property Appliances: Dishwasher,ENERGY STAR Qualified Appliances,Electric Range,Disposal,Gas Range Fireplace: None Flooring: Laminate
  • Cooling Features

    Ductless,ENERGY STAR Qualified Equipment Air Conditioning

    Heating Source

    Ductless,ENERGY STAR Qualified Equipment Has Heating

    Energy

    Green Energy: Appliances

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1949 Building Area Total: 2,304 Roof: Flat
  • Exterior Features

    Rain Gutters

    Foundation

    Raised

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Accessibility Features

    Parking

    Pool Features

    None

    Laundry Features

    Electric Dryer Hookup,Gas Dryer Hookup,Laundry Room

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0789
  • Lot Size Source: Assessor Lot Size Square Feet: 3436

  • Listing Price Information

    Original List Price: 3,950,000 Listing Contract Date: 2026-03-15
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5085001014

  • Garage and Parking

    Garage Description: Driveway,On Site,Paved,See Remarks,Side By Side

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Directions: W Olympic Blvd and W San Vincente Blvd Source Property Type: Residential Income Area: C17 - Mid-Wilshire Property SubType: Mixed Use
  • Building and Construction

    Property Age: 77 Common Walls: No Common Walls Property Condition: Updated/Remodeled,Turnkey Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: Front
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At $1,714.41 per sq.ft.,this listing is priced below average compared to other homes from Los Angeles.

The average homes price in Los Angeles is $370202.62 with avg. price / sq.ft of $2102.04.

The average homes price in Los Angeles County is $373818.81 with avg. price / sq.ft of $2100.74.

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
617 N Orange Drive, Los Angeles, CA, 90036 $5,250,000 20 -- 15,000 15,000 SqFt
537 N Orange Drive, Los Angeles, CA, 90036 $4,725,000 10 -- 7,630 7,630 SqFt
361 N Mansfield Avenue, Los Angeles, CA, 90036 $2,375,000 6 -- 5,194 5,194 SqFt
457 N Orange Drive, Los Angeles, CA, 90036 $2,300,000 6 -- 4,297 4,297 SqFt
525 N Sycamore Avenue #.., Los Angeles, CA, 90036 $475,000 1 1 676 676 SqFt
615 S Highland Avenue, Los Angeles, CA, 90036 $3,650,000 4 5 3,331 3,331 SqFt
100 N Sycamore Avenue, Los Angeles, CA, 90036 $5,450,000 17 -- 16,588 16,588 SqFt
458 S Mansfield Avenue, Los Angeles, CA, 90036 $3,450,000 5 5 4,612 4,612 SqFt
348 S Orange Drive, Los Angeles, CA, 90036 $2,695,000 4 4 2,934 2,934 SqFt
826 S Highland Avenue, Los Angeles, CA, 90036 $1,848,000 4 2 2,549 2,549 SqFt

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ByOwner last updated this listing 04/06/2026 @ 19:01

MLS: SR26055959 LISTED BY: Joseph Rudd, Keller Williams Realty-Studio City 818-432-1500 SOURCE: CRMLS

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