5850 W Olympic, Los Angeles, CA 90036

• 2,304 sqft

Property Description

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 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 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.

Listing Status:

Active

Date Added:

January 5, 2026

Data Last Updated:

February 15, 2026 at 8:19PM

Listing Office:

Keller Williams Realty-Studio City : 818-432-1500

Listing Agent:

Joseph Rudd : 818-605-7732

MLS ID:

SR25277086

Interior

• Laundry: Electric Dryer HookupGas Dryer Hookup
• A/C: DuctlessElectricENERGY STAR Qualified EquipmentHeat Pump
• Heating: DuctlessElectricENERGY STAR Qualified EquipmentHeat Pump

Exterior

• General: Living Quarters
• Other Structures: Living Quarters
• Parking: Parking spaces: 4

Construction

• Roofing: AsphaltFlatFire Proof
• General: Stucco2

Location

• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: LAR35085001014
• Current Use: Commercial

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
• Water: Public

Financial

• Source: CRMLS_CRM