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Mixed-Use

3209-3213 Washington Boulevard

3209 W Washington Blvd, Los Angeles, CA 90018

Listing Price: $2,575,000

Cap Rate
6.76%
Number of Units
4
Occupancy
100.0%
Price/Unit
$643,750
Price/Gross SF
$349.44
Gross SF
7,369

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3209-3213 West Washington Boulevard, a 7,396-square foot, mixed-use building comprised of storefront retail and apartments. Ideally located in the highly sought-after Mid-City corridor, the property as currently leased consists of four retail units, one 2 Bed/1 Bath, one 2 Bed/ 2 Bath, one 1 Bed/1 Bath, and eight single apartment units. 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. Located just west of Arlington Boulevard and at a current cap rate of 5.58% is within minutes of the Culver City downtown revitalization and downtown Los Angeles. There is high cash ?ow and the mix of tenants presents a stabilized opportunity with the potential to increase rents in a sub-market experiencing explosive rent growth. 3209-3213 West Washington Boulevard consist of two buildings over a 7,424-square foot lot. Within the last twelve months art galleries, coffee shops, and clothing stores have entered the rental market of this stretch of Washington Boulevard increasing walkability and local consumer driven traf?c. The rental market is on pace to experience signi?cant growth here and offer outstanding long-term returns for investors. There has been a signi?cant amount of movement and turnover within this speci?c marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be veri?ed by buyer.

Investment Highlights

  • Centrally Located in Highly Sought After Mid-City Corridor
  • Easy Access to the 10, 110, and 405 Freeways
  • Over $50,000 in Renovations in 2019

Exclusively Listed By

Financing By

Mixed-Use

3209-3213 Washington Boulevard

Listing Price: $2,575,000

Cap Rate
6.76%
Number of Units
4
Occupancy
100.0%
Price/Unit
$643,750
Price/Gross SF
$349.44
Gross SF
7,369

Investment Highlights

  • Centrally Located in Highly Sought After Mid-City Corridor
  • Easy Access to the 10, 110, and 405 Freeways
  • Over $50,000 in Renovations in 2019

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 3209-3213 West Washington Boulevard, a 7,396-square foot, mixed-use building comprised of storefront retail and apartments. Ideally located in the highly sought-after Mid-City corridor, the property as currently leased consists of four retail units, one 2 Bed/1 Bath, one 2 Bed/ 2 Bath, one 1 Bed/1 Bath, and eight single apartment units. 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. Located just west of Arlington Boulevard and at a current cap rate of 5.58% is within minutes of the Culver City downtown revitalization and downtown Los Angeles. There is high cash ?ow and the mix of tenants presents a stabilized opportunity with the potential to increase rents in a sub-market experiencing explosive rent growth. 3209-3213 West Washington Boulevard consist of two buildings over a 7,424-square foot lot. Within the last twelve months art galleries, coffee shops, and clothing stores have entered the rental market of this stretch of Washington Boulevard increasing walkability and local consumer driven traf?c. The rental market is on pace to experience signi?cant growth here and offer outstanding long-term returns for investors. There has been a signi?cant amount of movement and turnover within this speci?c marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. All information to be veri?ed by buyer.

Exclusively Listed By

Financing By

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