Flex Space with Heavy
For Sale
$3,995,900
2378 W Washington Boulevard, Los Angeles, CA 90018
Commercial Sale, Los Angeles, CA
Property Size16,000 SF
Lot Size0.46 Acres
Price / SF$249.74
Days on Market109
Property Features for 2378 W Washington Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LAC 1.5
Directions
Washington Blvd and Arlington Ave
Subdivision
WLA - West Los Angeles
Standard status
Active
APN
5073028008
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11412
Building Details
Year built
1925
Listing Agency:
KELLER WILLIAMS REALTY
(714) 584-2700
Listed By:
Manlio Ceja-Gomez · License #02023306
(562) 305-7952
Added: Jun 29
Changed: Oct 8
Last Checked: Oct 15 at 8:06AM
MLS# CV26141616
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property combines warehouse, industrial, and commercial improvements across three contiguous parcels and four property addresses. The improvements total approximately 16,000+ square feet on a site measuring close to 20,000 square feet. Features include generous ceiling heights, heavy power capacity, multiple access points, and adaptable configurations. The second floor contains three office spaces, a conference room, and one restroom. Portions of the improvements date to 1925, with additions and alterations completed over time.
The property fronts the Washington Boulevard corridor between Downtown Los Angeles and the Westside, with access to the I-10 Santa Monica Freeway, USC, the Expo Line, and nearby residential and mixed-use development. Zoning is identified as C1.5, and the property is also described as zoned for commercial/industrial use. The site is within a designated Opportunity Zone, with related benefits subject to independent tax and legal review.
The property fronts the Washington Boulevard corridor between Downtown Los Angeles and the Westside, with access to the I-10 Santa Monica Freeway, USC, the Expo Line, and nearby residential and mixed-use development. Zoning is identified as C1.5, and the property is also described as zoned for commercial/industrial use. The site is within a designated Opportunity Zone, with related benefits subject to independent tax and legal review.
Key Highlights
- Approximately 16,000+ square feet of improvements on three contiguous parcels totaling close to 20,000 square feet
- Three parcels and four property addresses along the Washington Boulevard corridor
- Warehouse, industrial, and commercial improvements with generous ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$241,353
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,827,060
$4.8M
Cap Rate 7%
$3,447,900
$3.4M
Cap Rate 9%
$2,681,700
$2.7M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$303.4K $18.96/SF
− Vacancy
−$19.4K −$1.21/SF
EGI
$283.9K $17.75/SF
− OpEx
−$42.6K −$2.66/SF
NOI
$241.4K $15.08/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,827,060
Cap Rate 7%
$3,447,900
Cap Rate 9%
$2,681,700
Alternative Uses
Best Use
Warehouse
$3.45M
$3.02M – $4.02M
NOI $241,353 @ 7.0% cap · market cap 6.04%
Second Best
Industrial
$2.84M
$2.48M – $3.31M
NOI $198,761 @ 7.0% cap · market cap 4.97%
Theoretical Best
Multifamily LT 5
$324.15M
$283.63M – $378.18M
NOI $22,690,528 @ 7.0% cap · market cap 567.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Office units
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,882
Businesses Nearby
Under-served
Demand for This Use
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
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Similar Off Market Nearby
- Fambam Catering — 2300 S La Salle Ave, Los Angeles, CA 90018, United States
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- Vesti — 1870 W Washington Blvd, Los Angeles, CA 90007
- Thrive Kitchen — 1842 W Washington Blvd, Los Angeles, CA 90007
- blue ocean — 1663 S, Roosevelt Ave, Los Angeles, CA 90006, United States
Frequently Asked Questions
What type of property is this?
Flex space - Multi-parcel commercial property with warehouse, office, and industrial improvements along Washington Boulevard.
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: Approximately 16,000+ square feet of improvements on three contiguous parcels totaling close to 20,000 square feet; Three parcels and four property addresses along the Washington Boulevard corridor; Warehouse, industrial, and commercial improvements with generous ceiling heights
