Multi-Tenant Storefront
1882 West Washington Boulevard, Los Angeles, CA 90007
For Sale
Contact for pricing
Five occupied units include one owner-occupied space, with rear parking for approximately 10 vehicles.
Property Size7,280 SF
Lot Size0.26 Acres
Price / SF$288.46
Days on Market55
Property Features for 1882 West Washington Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Net Operating Income
Site & Location
Neighborhood
Corner Location
Traffic Count
Highway Access
Additional Details
Cap Rate
Building Details
Year Built
Year Renovated
Buildings
Construction
Tenancy
Listing Agency:
Major Properties
Listed By:
Ron Kim · License CA #01891773
(213) 422-4955
Source:
Crexi
Added: Sep 18
Changed: Oct 26
Last Checked: Nov 10 at 6:39AM
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 Major Properties
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Investment Insights
Based on property information with market context.
The property is a masonry storefront building with 7,280 square feet of space on an 11,129-square-foot parcel. Built in 1909 and renovated in 1950, it is arranged as five units and is fully occupied, including one unit used by the owner. Rear parking accommodates approximately 10 vehicles.
At the signalized intersection of Washington Boulevard and Normandie Avenue in Los Angeles, the property is across from Angelus Rosedale Cemetery. It is 1.5 miles west of Downtown Los Angeles and three blocks north of the Santa Monica (I-10) Freeway. The reported traffic count is 36,581 vehicles per day.
At the signalized intersection of Washington Boulevard and Normandie Avenue in Los Angeles, the property is across from Angelus Rosedale Cemetery. It is 1.5 miles west of Downtown Los Angeles and three blocks north of the Santa Monica (I-10) Freeway. The reported traffic count is 36,581 vehicles per day.
Key Highlights
- 7,280 SF masonry storefront building on 11,129 SF of land
- Five units, fully occupied; one unit is owner‑occupied
- Built in 1909 and renovated in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,948
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,378,960
$3.4M
Cap Rate 7%
$2,413,543
$2.4M
Cap Rate 9%
$1,877,200
$1.9M
Market Conditions
NOI Build-Up for 7,280 SF
Gross rent
$269.1K $36.96/SF
− Vacancy
−$27.7K −$3.81/SF
EGI
$241.4K $33.15/SF
− OpEx
−$72.4K −$9.95/SF
NOI
$168.9K $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%
$3,378,960
Cap Rate 7%
$2,413,543
Cap Rate 9%
$1,877,200
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.82M
NOI $168,948 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,764 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
36,581 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,404
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
$852,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Los Angeles, CA
Properties on Market for Storefront properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- La Rosa — 1764 W Adams Blvd, Los Angeles, CA 90018
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- Florist — Washington / Harvard, Los Angeles, CA 90018
- CJ Matsumoto & Sons — 1865 Cordova St, Los Angeles, CA 90007
- Gonda Events Florist
Frequently Asked Questions
What type of property is this?
Storefront property - Five occupied units include one owner-occupied space, with rear parking for approximately 10 vehicles.
Where is this storefront property located?
The property is located at 1882 West Washington Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7,280 SF masonry storefront building on 11,129 SF of land; Five units, fully occupied; one unit is owner‑occupied; Built in 1909 and renovated in 1950
