Retail/Auto Shop Redevelopment
5024-5030 W Washington Blvd, Los Angeles, CA 90016
For Sale
Contact for pricing
Value-add property with flexible LAC2 zoning and Opportunity Zone designation, positioned for retail or automotive operations.
Property Size3,540 SF
Price / SF$564.97
Days on Market156
Property Features for 5024-5030 W Washington Blvd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Opportunity Zone
Building Details
Year Built
Stories
Tenancy
Listing Agency:
Major Properties
Listed By:
Jesse McKenzie · License CA #01939062
(213) 747-4156
Source:
Crexi
Added: Jun 9
Changed: Oct 30
Last Checked: Nov 10 at 7:40AM
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 Major Properties
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Investment Insights
Based on property information with market context.
The property at 5024–5030 W Washington Blvd includes approximately 3,540 square feet of retail/auto shop improvements on an approximately 10,669 square foot parcel. Built in 1939, the site is suited for continued operation of the existing retail/automotive use or for redevelopment and repositioning under the property’s flexible zoning.
The location provides strong frontage along Washington Boulevard and visibility in a dense urban infill setting. The site is positioned near La Brea Avenue and the Culver City area, with convenient access to the 10 Freeway.
For investors, owner-users, and developers, this offering presents a practical redevelopment framework through its LAC2 zoning flexibility and Opportunity Zone designation. The combination of existing improvements and adaptable planning support makes it a fit for a range of commercial and mixed-use concepts, while also allowing for an operator to continue retail and automotive uses on-site.
The location provides strong frontage along Washington Boulevard and visibility in a dense urban infill setting. The site is positioned near La Brea Avenue and the Culver City area, with convenient access to the 10 Freeway.
For investors, owner-users, and developers, this offering presents a practical redevelopment framework through its LAC2 zoning flexibility and Opportunity Zone designation. The combination of existing improvements and adaptable planning support makes it a fit for a range of commercial and mixed-use concepts, while also allowing for an operator to continue retail and automotive uses on-site.
Key Highlights
- Built in 1939 retail/auto shop improvements totaling approx. 3,540 SF
- Set on an approx. 10,669 SF parcel with strong frontage along Washington Boulevard
- Flexible LAC2 zoning supports a wide range of commercial and mixed‑use development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,153
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,060
$1.6M
Cap Rate 7%
$1,173,614
$1.2M
Cap Rate 9%
$912,811
$912.8K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$130.8K $36.96/SF
− Vacancy
−$13.5K −$3.81/SF
EGI
$117.4K $33.15/SF
− OpEx
−$35.2K −$9.95/SF
NOI
$82.2K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,060
Cap Rate 7%
$1,173,614
Cap Rate 9%
$912,811
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,153 @ 7.0% cap · market cap 4.11%
Second Best
Industrial
$628.2K
$549.7K – $732.9K
NOI $43,976 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,460 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,746
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Los Angeles, CA
Properties on Market for Auto shops in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Michelle Collision Auto Center — 2561 hauser blvd, los angeles, ca 90016
- DM TIRE & SERVICES — 5426 W Adams Blvd, Los Angeles, CA 90016
- Castellon's Tires — 5426 W Adams Blvd, Los Angeles, CA 90016
- Jesus Auto Repair & Body Shop — 5284 W Adams Blvd, Los Angeles, CA 90016
- Tak Collision — 5350 W Adams Blvd, Los Angeles, CA 90016
Frequently Asked Questions
What type of property is this?
Auto shop - Value-add property with flexible LAC2 zoning and Opportunity Zone designation, positioned for retail or automotive operations.
Where is this auto shop located?
The property is located at 5024-5030 W Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Built in 1939 retail/auto shop improvements totaling approx. 3,540 SF; Set on an approx. 10,669 SF parcel with strong frontage along Washington Boulevard; Flexible LAC2 zoning supports a wide range of commercial and mixed‑use development
