Commercial
1479 W Washington Boulevard, Los Angeles, CA 90007
For Sale
$4,500,000
The site is identified for multifamily, commercial, or mixed-use development.
Property Size6,564 SF
Price / SF$685.56
Days on Market732
Property Features for 1479 W Washington Boulevard
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
KORUS Real Estate
(213) 251-9000
Listed By:
Mark Hong · License #01067529
(213) 700-6780
Source:
Ditollarealestate
Added: Nov 7, 2024
Changed: Nov 7
Last Checked: Nov 7 at 8:06PM
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 KORUS Real Estate
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Investment Insights
Based on property information with market context.
This commercial land listing identifies multifamily, commercial, and mixed-use development as potential directions for the site. Existing tenants are on short-term leases.
The property is at the northeast corner of W Washington Boulevard and Orchard Avenue in Los Angeles, with stated proximity to downtown Los Angeles and USC. Access to the Santa Monica Freeway is via Vermont Avenue.
The property is at the northeast corner of W Washington Boulevard and Orchard Avenue in Los Angeles, with stated proximity to downtown Los Angeles and USC. Access to the Santa Monica Freeway is via Vermont Avenue.
Key Highlights
- Multifamily, commercial, or mixed‑use development identified
- Northeast corner of W Washington Boulevard and Orchard Avenue
- Short‑term tenant leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,332
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,046,640
$3.0M
Cap Rate 7%
$2,176,171
$2.2M
Cap Rate 9%
$1,692,578
$1.7M
Market Conditions
NOI Build-Up for 6,564 SF
Gross rent
$242.6K $36.96/SF
− Vacancy
−$25.0K −$3.81/SF
EGI
$217.6K $33.15/SF
− OpEx
−$65.3K −$9.95/SF
NOI
$152.3K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,046,640
Cap Rate 7%
$2,176,171
Cap Rate 9%
$1,692,578
Alternative Uses
Best Use
Retail
$2.18M
$1.90M – $2.54M
NOI $152,332 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$132.98M
$116.36M – $155.15M
NOI $9,308,789 @ 7.0% cap · market cap 206.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,664
Businesses Nearby
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Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Market
Properties on Market for Commercial land in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Commercial land - The site is identified for multifamily, commercial, or mixed-use development.
Where is this commercial land located?
The property is located at 1479 W Washington Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Multifamily, commercial, or mixed‑use development identified; Northeast corner of W Washington Boulevard and Orchard Avenue; Short‑term tenant leases
