Mid-City Creative Commercial
4739 W Washington Blvd Los Angeles, CA 90015
For Sale
$1,800,000
Unique mixed-use property in Mid-City Los Angeles.
Property Size4,099 SF
Lot Size0.16 Acres
Price / SF$439.13
Days on Market76
Property Features for 4739 W Washington Blvd
General Information
- Standard status
- Active
- Size
- 4,099 SF
- Lot size
- 0.16 Acres
Listing Agency:
Jacob, Christopher & Lee Rlty
(310) 674-3863
Listed By:
Ricardo Curtis · License #01464851
(310) 674-3863
Source:
Exprealty
Added: May 13
Changed: Jul 10
Last Checked: Jul 26 at 11:28PM
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.
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
NOI $97,295 @ 7.0% cap · market cap 5.41%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,126 @ 7.0% cap · market cap 5.28%
Theoretical Best
Multifamily LT 5
$83.04M
$72.66M – $96.88M
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
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.
