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Mid-City Creative Commercial Property

4739 W Washington Blvd Los Angeles, CA 90015

Claim this Listing
For Sale
$1,800,000

Unique mixed-use property in Mid-City Los Angeles.

Property size:
4,099 SF
Lot size:
0.16 Acres
Price / SF:
$439.13/SF
Added:
May 13, 2026
Days on Market:
63
Last Refresh:
May 21 at 4:21 am

Property Features for 4739 W Washington Blvd

General Information

Standard status
Active
Size
4,099 SF
Lot size
0.16 Acres

Listing office Jacob, Christopher & Lee Rlty

Listing date May 13, 2026

Source Exprealty

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 Jacob, Christopher & Lee Rlty


Investment Insights

Based on property information with market context.

This commercial property, constructed in 1928, presents a rare investment opportunity in Mid-City Los Angeles, situated directly across from the Nate Holden Performing Arts Center. The building offers approximately 4,099 square feet of building area on a 7,010 square foot lot. It comprises four units with a mix of creative office, workshop, warehouse, studio, and flex-use spaces, showcasing vintage architectural details such as exposed brick walls, soaring ceilings, and skylights. Additional features include mezzanine/storage areas, roll-up door access, private offices, workshop areas, and a large detached rear storage garage. The building has been retrofitted for seismic activity. Two units are currently vacant, with the potential to deliver a third unit vacant, offering immediate upside potential for owner-users, creative businesses, or investors seeking value-add opportunities. It is an excellent setup for woodworking, design studios, fabrication, artist spaces, production, showrooms, or mixed creative commercial uses. The property is in a prime Mid-City location with convenient access to Downtown Los Angeles, Culver City, Koreatown, West Adams, and major transportation corridors. This property offers a tremendous opportunity to reposition, lease-up, or customize in one of Los Angeles' evolving creative corridors.

Key Highlights

  • Rare Mid‑City Los Angeles commercial property with a unique mix of creative office, workshop, warehouse, studio, and flex‑use spaces.
  • Immediate upside potential with two (possibly three) vacant units, ideal for owner‑users, creative businesses, or investors.
  • Seismically retrofitted building, providing added value and peace of mind.

Local Financial Insights For Office B

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 $159.4k $38.88
− Vacancy −$29.6k −$7.23
EGI $129.7k $31.65
− OpEx −$32.4k −$7.91
NOI $97.3k $23.74
4,099 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.39M
$1.22M – $1.62M (±1% cap)
NOI $97,295 @ 7.0% cap · market cap 5.41%
Second Best
Retail
$1.36M
$1.19M – $1.59M (±1% cap)
NOI $95,126 @ 7.0% cap · market cap 5.28%
Theoretical Best
Multifamily LT 5
$83.04M
$72.66M – $96.88M (±1% cap)
NOI $5,813,030 @ 7.0% cap · market cap 322.95%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

ADE Custom Woodworks General Contractor Victor Upholstery Furniture & Home Goods

Suggested Use

Law Firm Real Estate Agency Dental Office Accounting Firm Computer & Electronic Repair Travel Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Unique mixed-use property in Mid-City Los Angeles.
Where is this mixed-use property located?
The property is located at 4739 W Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Rare Mid‑City Los Angeles commercial property with a unique mix of creative office, workshop, warehouse, studio, and flex‑use spaces.; **Immediate upside potential with two (possibly three) vacant units, ideal for owner‑users, creative businesses, or investors.**; Seismically retrofitted building, providing added value and peace of mind.
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