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Vacant-User

4715 West Washington Boulevard

4715 W Washington Blvd, Los Angeles, CA 90016

Listing Price: $1,790,000

Gross SF
1,712
Rentable SF
1,712
Price/Gross SF
$1,045.56
Lot Size
0.16 acres
Year Built
1922

Investment Overview

Marcus & Millichap is pleased to present 4715 W Washington Boulevard, an excellent owner-user multi-tenant retail, creative office, or future redevelopment opportunity. The vacant 1,712 square foot building offers complete flexibility to a buyer and is ideally located on Mid-City’s main thoroughfare, which has seen an influx of businesses and consumer driven growth over the last several years. 4715 W Washington Boulevard is a unique property comprised of 7,086 square feet of land that can be utilized for a multi-tenant retail space, creative office, or a future mixed-use development. The property consists of a large lot they may be utilized for parking, three bathrooms, units are separately metered for water and electricity, an open backyard, and the ability to subdivide the building into 3 units. The property is zoned C2-1VL-O-CPIO (TOC Tier 1), allowing for a variety of commercial uses or the potential to build up to 14 residential units when applying Transit Oriented Communities Affordable Housing Incentive Program. The current zoning allows for 8 units by right, 14 units with Tier 1 TOC, and an additional 3 future ADU units, for a total of 17 potential units. This truly rare offering will be delivered vacant, making way for the ideal owner/user scenario and allowing for a potential buyer to add value in a multitude of ways. With 50 feet of frontage along Washington Boulevard, the property benefits from excellent walkability with a walk score of 85 out of 100 and strong demographics with population of 1,217,932 within a 5-mile radius. 4715 W Washington Boulevard presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Located one block east of the major metropolitan intersection of West Washington Boulevard and South La Brea Avenue, the property lies in the center of prime Mid- City, offering easy accessibility to all of Washington Boulevard’s boutique retail and dining as well as several brand-new residential developments. Mid-City is one of the great untapped neighborhoods in Los Angeles that has had a rich history as an epi-center for creativity and commerce. The irreplaceable location is within minutes of the Culver City downtown revitalization and downtown Los Angeles.

Investment Highlights

  • Future Mixed-Use Redevelopment - 8 Units by Right | 14 Units TOC Tier 1 | 3 ADU Units
  • Vacant Multi-Tenant Retail | Ability to Subdivide into 3 Units
  • Zoned C2-1VL-O-CPIO
  • True Value Add Opportunity | Owner/User | SBA Financing
  • Large Backyard | Ability to Create Parking

Exclusively Listed By

Financing By

Vacant-User

4715 West Washington Boulevard

Listing Price: $1,790,000

Gross SF
1,712
Rentable SF
1,712
Price/Gross SF
$1,045.56
Lot Size
0.16 acres
Year Built
1922

Investment Highlights

  • Future Mixed-Use Redevelopment - 8 Units by Right | 14 Units TOC Tier 1 | 3 ADU Units
  • Vacant Multi-Tenant Retail | Ability to Subdivide into 3 Units
  • Zoned C2-1VL-O-CPIO
  • True Value Add Opportunity | Owner/User | SBA Financing
  • Large Backyard | Ability to Create Parking

Investment Overview

Marcus & Millichap is pleased to present 4715 W Washington Boulevard, an excellent owner-user multi-tenant retail, creative office, or future redevelopment opportunity. The vacant 1,712 square foot building offers complete flexibility to a buyer and is ideally located on Mid-City’s main thoroughfare, which has seen an influx of businesses and consumer driven growth over the last several years. 4715 W Washington Boulevard is a unique property comprised of 7,086 square feet of land that can be utilized for a multi-tenant retail space, creative office, or a future mixed-use development. The property consists of a large lot they may be utilized for parking, three bathrooms, units are separately metered for water and electricity, an open backyard, and the ability to subdivide the building into 3 units. The property is zoned C2-1VL-O-CPIO (TOC Tier 1), allowing for a variety of commercial uses or the potential to build up to 14 residential units when applying Transit Oriented Communities Affordable Housing Incentive Program. The current zoning allows for 8 units by right, 14 units with Tier 1 TOC, and an additional 3 future ADU units, for a total of 17 potential units. This truly rare offering will be delivered vacant, making way for the ideal owner/user scenario and allowing for a potential buyer to add value in a multitude of ways. With 50 feet of frontage along Washington Boulevard, the property benefits from excellent walkability with a walk score of 85 out of 100 and strong demographics with population of 1,217,932 within a 5-mile radius. 4715 W Washington Boulevard presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Located one block east of the major metropolitan intersection of West Washington Boulevard and South La Brea Avenue, the property lies in the center of prime Mid- City, offering easy accessibility to all of Washington Boulevard’s boutique retail and dining as well as several brand-new residential developments. Mid-City is one of the great untapped neighborhoods in Los Angeles that has had a rich history as an epi-center for creativity and commerce. The irreplaceable location is within minutes of the Culver City downtown revitalization and downtown Los Angeles.

Exclusively Listed By

Financing By

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