Multi-Use Industrial Warehouse
2378 W Washington Boulevard Los Angeles, CA 90018
2378 W Washington Boulevard, Los Angeles, CA, 90018
$3,995,900
For Sale
$3,995,900
Three-parcel industrial complex with warehouse, industrial, and commercial improvements plus second-floor office space.
Property Size15,552 SF
Price / SF$256.94
Days on Market22
Property Features for 2378 W Washington Boulevard
General Information
- Standard status
- Active
- Size
- 15,552 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1925
Listing Agency
KELLER WILLIAMS REALTY
(714) 584-2700
Listed by
Manlio Ceja-Gomez · License #02023306
Source
Xome
Added: Jun 27 Checked: Jul 18 at 3:39 am
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This multi-use industrial warehouse complex comprises three parcels and four property addresses, with approximately 16,000+ square feet of improvements (buyer to independently verify). The site includes a combination of warehouse, industrial, and commercial improvements presented in flexible configurations with generous ceiling heights and multiple access points.
Public records indicate portions of the improvements date back to the 1920s, with subsequent additions and alterations over time. The second floor includes three office spaces, one conference room, and one restroom.
The property is zoned for commercial/industrial use and is located within a designated Opportunity Zone. Buyer to independently verify all square footage, zoning, permitted uses, development potential, Opportunity Zone benefits, and all information through their own investigations.
Public records indicate portions of the improvements date back to the 1920s, with subsequent additions and alterations over time. The second floor includes three office spaces, one conference room, and one restroom.
The property is zoned for commercial/industrial use and is located within a designated Opportunity Zone. Buyer to independently verify all square footage, zoning, permitted uses, development potential, Opportunity Zone benefits, and all information through their own investigations.
Key Highlights
- Three contiguous parcels with four property addresses and approximately 16,000+ SF of improvements (buyer to verify).
- Warehouse, industrial, and commercial improvements with flexible configurations for multiple potential uses.
- Second‑floor office area includes three office spaces, a conference room, and one restroom.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.9k | $18.96 |
| − Vacancy | −$18.9k | −$1.21 |
| EGI | $276.0k | $17.75 |
| − OpEx | −$41.4k | −$2.66 |
| NOI | $234.6k | $15.08 |
15,552 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.27M
$4.61M – $6.15M
NOI $369,146 @ 7.0% cap · market cap 9.24%
Second Best
Warehouse
$3.35M
$2.93M – $3.91M
NOI $234,595 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$315.07M
$275.69M – $367.59M
NOI $22,055,193 @ 7.0% cap · market cap 551.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alpine Restaurant Equipment ...
Production Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Kensington Caterers — 1300 W 24th St, Los Angeles, CA 90007
- Fambam Catering — 2300 S La Salle Ave, Los Angeles, CA 90018, United States
- Smokin Woods BBQ LA — 1870 W Washington Blvd, Los Angeles, CA 90007
- Vesti — 1870 W Washington Blvd, Los Angeles, CA 90007
- Thrive Kitchen — 1842 W Washington Blvd, Los Angeles, CA 90007
FAQs
What type of property is this?
Flex space - Three-parcel industrial complex with warehouse, industrial, and commercial improvements plus second-floor office space.
Where is this flex space located?
The property is located at 2378 W Washington Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,995,900.
What are key features of this property?
This property features: Three contiguous parcels with four property addresses and approximately 16,000+ SF of improvements (buyer to verify).; Warehouse, industrial, and commercial improvements with flexible configurations for multiple potential uses.; Second‑floor office area includes three office spaces, a conference room, and one restroom.
