Mixed-Use Industrial
New
For Sale
$3,995,900
2378 West Washington Boulevard, Los Angeles, CA 90018
Los Angeles, CA
Property Size15,000 SF
Lot Size0.55 Acres
Price / SF$266.39
Days on Market1
Property Features for 2378 West Washington Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.55 Acres
Building Details
Year built
1925
Listing Agency:
NextHome Pacific Estates
(714) 584-2700
Listed By:
Manlio Favio
(562) 305-7952
Added: Oct 16
Last Checked: Oct 16 at 10:06PM
MLS# CV26141616
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property comprises three parcels and four addresses, with approximately 15,000+ square feet of warehouse, industrial, and commercial improvements. The second floor contains three office spaces, a conference room, and a restroom. The property is identified as built in 1925, and portions of the improvements date to the 1920s. The site is in an Opportunity Zone and is zoned for commercial/industrial use, with future redevelopment or repositioning subject to city approval.
The property is along Washington Boulevard, between Downtown Los Angeles and the Westside. It is minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, and the Expo Line.
The property is along Washington Boulevard, between Downtown Los Angeles and the Westside. It is minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, and the Expo Line.
Key Highlights
- Three parcels with four property addresses
- Approximately 15,000+ square feet of improvements
- Warehouse, industrial, and commercial improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$303,750
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,075,000
$6.1M
Cap Rate 7%
$4,339,286
$4.3M
Cap Rate 9%
$3,375,000
$3.4M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$540.0K $36.00/SF
− Vacancy
−$54.0K −$3.60/SF
EGI
$486.0K $32.40/SF
− OpEx
−$182.3K −$12.15/SF
NOI
$303.8K $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%
$6,075,000
Cap Rate 7%
$4,339,286
Cap Rate 9%
$3,375,000
Alternative Uses
Best Use
Mixed Use
$4.34M
$3.80M – $5.06M
NOI $303,750 @ 7.0% cap · market cap 7.60%
Second Best
Warehouse
$3.23M
$2.83M – $3.77M
NOI $226,269 @ 7.0% cap · market cap 5.66%
Theoretical Best
Multifamily LT 5
$303.89M
$265.90M – $354.54M
NOI $21,272,370 @ 7.0% cap · market cap 532.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
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 - Warehouse, industrial, and commercial improvements provide varied space across multiple parcels.
Where is this mixed-use property located?
The property is located at 2378 West 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 parcels with four property addresses; Approximately 15,000+ square feet of improvements; Warehouse, industrial, and commercial improvements
