Mixed-Use

4865 - 4869 West Washington Blvd.

4865 - 4869 West Washington Blvd., Los Angeles, CA 90016

Listing Price: $1,995,000

Cap Rate
3.93%
Gross SF
4,147
Rentable SF
4,147
Price/Gross SF
$481.07
Lot Size
0.23 acres
Year Built
1930

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 4865-4869 West Washington Boulevard, a 4,147 square foot, multi-tenant retail storefront/creative office space, ideally located in the highly sought-after Mid-City corridor. Two contiguous parcels combine for 9,816 square feet of land located one block east of the major metropolitan intersection of West Washington Boulevard and South La Brea Avenue. West Washington Boulevard in 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. All major systems have been upgraded and the building includes all of the amenities essential to running a thriving business. All three current tenants are on short-term or month to month leases. This is a rare opportunity to acquire a multi-tenant retail/creative office building with the convenience of on-site secured parking in an area experiencing extensive growth and development. 4865-4869 West Washington Boulevard presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open office space, multiple entry points to the building, stabilized rental income, and easy access to on-site parking combine to offer unlimited flexibility with this building. 4869 West Washington is comprised of two retail tenants on short term leases; 4865 West Washington is made up of recently renovated open office space, 2 kitchens, a greeting area, executive office suite, separate building serving as a small warehouse, large secured parking lot for convenient access with the tenant on a month to month lease. The rental market is on pace to experience significant growth here and offer outstanding long-term returns for investors. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.

Investment Highlights

  • Multi-Tenant Retail Storefront/Creative Office Space
  • Stabilized Cash Flow
  • One Block from the 10 Freeway

Exclusively Listed By

Listing Price: $1,995,000

Cap Rate
3.93%
Gross SF
4,147
Rentable SF
4,147
Price/Gross SF
$481.07
Lot Size
0.23 acres
Year Built
1930

Investment Highlights

  • Multi-Tenant Retail Storefront/Creative Office Space
  • Stabilized Cash Flow
  • One Block from the 10 Freeway

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 4865-4869 West Washington Boulevard, a 4,147 square foot, multi-tenant retail storefront/creative office space, ideally located in the highly sought-after Mid-City corridor. Two contiguous parcels combine for 9,816 square feet of land located one block east of the major metropolitan intersection of West Washington Boulevard and South La Brea Avenue. West Washington Boulevard in 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. All major systems have been upgraded and the building includes all of the amenities essential to running a thriving business. All three current tenants are on short-term or month to month leases. This is a rare opportunity to acquire a multi-tenant retail/creative office building with the convenience of on-site secured parking in an area experiencing extensive growth and development. 4865-4869 West Washington Boulevard presents the opportunity to purchase in a truly locally-renowned location that is seeing explosive growth. Open office space, multiple entry points to the building, stabilized rental income, and easy access to on-site parking combine to offer unlimited flexibility with this building. 4869 West Washington is comprised of two retail tenants on short term leases; 4865 West Washington is made up of recently renovated open office space, 2 kitchens, a greeting area, executive office suite, separate building serving as a small warehouse, large secured parking lot for convenient access with the tenant on a month to month lease. The rental market is on pace to experience significant growth here and offer outstanding long-term returns for investors. There has been a significant amount of movement and turnover within this specific marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be verified by buyer.

Exclusively Listed By

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