Mixed-Use Property with Warehouse
For Sale
$3,995,900
2378 W Washington Boulevard, Los Angeles, CA 90018
Commercial and industrial improvements include second-floor offices and multiple access points.
Property Size15,552 SF
Lot Size0.46 Acres
Price / SF$256.94
Days on Market121
Property Features for 2378 W Washington Boulevard
General Information
Standard status
Active
Size
15,552 SF
Lot size
0.46 Acres
Property subtype
Industrial
Site & Location
Neighborhood
Arlington Heights
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Heavy Power
Yes
Property Use
Warehouse/Industrial/Commercial
Taxes and HOA fees
Annual Taxes
$11,412
Building Details
Building Size
15,552 SF
Year Built
1925
Listing Agency:
KELLER WILLIAMS REALTY
(562) 305-7952
Listed By:
Manlio Ceja-Gomez · License #02023306
(714) 426-3800
Source:
Keyholderestates
Added: Jun 29
Changed: Oct 26
Last Checked: Oct 26 at 11:24AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property spans three contiguous parcels and includes 15,552 square feet of improvements, with warehouse, industrial, and commercial areas. The second floor contains three offices, a conference room, and a restroom. The improvements date to 1925, with additions and alterations made over time. Generous ceiling heights, heavy power capacity, and multiple access points are among the property’s physical features.
The site is in a designated Opportunity Zone and is described as zoned for commercial and industrial use, subject to city approval. It is located along Washington Boulevard, minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, and the Expo Line.
The site is in a designated Opportunity Zone and is described as zoned for commercial and industrial use, subject to city approval. It is located along Washington Boulevard, minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, and the Expo Line.
Key Highlights
- Three contiguous parcels totaling close to 20,000 square feet
- 15,552 square feet of improvements across warehouse, industrial, and commercial areas
- Second floor has three office spaces, one conference room, and one restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,928
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,298,560
$6.3M
Cap Rate 7%
$4,498,971
$4.5M
Cap Rate 9%
$3,499,200
$3.5M
Market Conditions
NOI Build-Up for 15,552 SF
Gross rent
$559.9K $36.00/SF
− Vacancy
−$56.0K −$3.60/SF
EGI
$503.9K $32.40/SF
− OpEx
−$189.0K −$12.15/SF
NOI
$314.9K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,298,560
Cap Rate 7%
$4,498,971
Cap Rate 9%
$3,499,200
Alternative Uses
Best Use
Mixed Use
$4.50M
$3.94M – $5.25M
NOI $314,928 @ 7.0% cap · market cap 7.88%
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 authorities.
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,882
Businesses Nearby
Explore this area
Business Placement
Demographics for 90018, CA
50,179
Population
17,917
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
16,726
Density / Sq Mi
$63,671
Median Household Income
$36,845
Median Earnings
$1,512
Median Rent
$886,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and industrial improvements include second-floor offices and multiple access points.
Where is this mixed-use property 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 totaling close to 20,000 square feet; 15,552 square feet of improvements across warehouse, industrial, and commercial areas; Second floor has three office spaces, one conference room, and one restroom
