Converted Building with Show
For Sale
Contact for pricing
1446 E Washington Blvd, Los Angeles, CA
Live/Work/Office space with enclosed rear yard and unique features.
Property Size3,780 SF
Lot Size0.13 Acres
Price / SF$370.37
Days on Market1472
Property Features for 1446 E Washington Blvd
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.13 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Central-Alameda
Listing Agency:
Savills
(213) 553-3800
Listed By:
Joe Dimola · License #01944494
(845) 558-9899
Source:
Moodyscre
Added: Oct 18, 2022
Changed: Oct 25
Last Checked: Oct 26 at 4:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Savills
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Investment Insights
Based on property information with market context.
This 3,780 square foot property has been converted into an immaculate show space, offering live/work/office potential. The building features exposed brick walls with a bow truss wood roof. A 2,025 square foot enclosed and finished rear yard is included. Interior amenities include a shower, kitchen, pool, and fireplace. The property is located on E Washington Blvd in Los Angeles, CA.
Key Highlights
- 2,025 SF Enclosed and Finished Rear Yard
- Live/Work/Office Potential
- Building Converted to Immaculate Show Space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,723
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,460
$1.8M
Cap Rate 7%
$1,281,757
$1.3M
Cap Rate 9%
$996,922
$996.9K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$147.0K $38.88/SF
− Vacancy
−$27.3K −$7.23/SF
EGI
$119.6K $31.65/SF
− OpEx
−$29.9K −$7.91/SF
NOI
$89.7K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,794,460
Cap Rate 7%
$1,281,757
Cap Rate 9%
$996,922
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.50M
NOI $89,723 @ 7.0% cap · market cap 6.41%
Second Best
Mixed Use
$1.09M
$956.8K – $1.28M
NOI $76,545 @ 7.0% cap · market cap 5.47%
Theoretical Best
Multifamily LT 5
$76.58M
$67.01M – $89.34M
NOI $5,360,637 @ 7.0% cap · market cap 382.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,382
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Live/Work/Office space with enclosed rear yard and unique features.
Where is this live-work space located?
The property is located at 1446 E Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2,025 SF Enclosed and Finished Rear Yard; Live/Work/Office Potential; Building Converted to Immaculate Show Space
