Freestanding Retail Building in
For Sale
$1,390,000
5413 W Washington Blvd, Los Angeles, CA 90016
Freestanding retail building in Mid-City/Miracle Mile submarket.
Property Size2,758 SF
Lot Size0.15 Acres
Price / SF$503.99
Days on Market95
Property Features for 5413 W Washington Blvd
General Information
Standard status
Active
Size
2,758 SF
Lot size
0.15 Acres
Listing Agency:
Good Members Investment
(323) 516-9044
Listed By:
Sung Bok Jang
(323) 516-9044
Source:
Exprealty
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 30 at 2:20PM
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 Good Members Investment
Investment Insights
Based on property information with market context.
Located along a vibrant commercial corridor, the property at 5413 Washington Blvd, Los Angeles, CA 90016, is a freestanding retail building of approximately 2,758 square feet on a 0.15-acre lot. Constructed in 1929, this one-story, Class C property combines architectural character and functional versatility, making it suitable for retail, office, creative, or service-oriented uses. The property is zoned LAC2, allowing for various commercial applications and potential future repositioning. Its adaptable layout supports multiple configurations to meet diverse business needs. Situated in the Mid-City/Miracle Mile submarket, the site benefits from street visibility along Washington Boulevard, consistent pedestrian and vehicle traffic, and convenient access to Culver City, Downtown Los Angeles, and other key commercial hubs. Surrounded by established local businesses and ongoing development, the area experiences steady growth and revitalization, enhancing the property's long-term appeal within the Los Angeles market.
Key Highlights
- Freestanding retail building in a vibrant commercial corridor.
- Located in the Mid‑City/Miracle Mile submarket with strong street visibility and traffic.
- Zoned LAC2, allowing for a variety of commercial applications.
Financial Insights For Retail
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 | $101.9k | $36.96 |
| − Vacancy | −$10.5k | −$3.81 |
| EGI | $91.4k | $33.15 |
| − OpEx | −$27.4k | −$9.95 |
| NOI | $64.0k | $23.21 |
2,758 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$914.4K
$800.1K – $1.07M
NOI $64,005 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$55.88M
$48.89M – $65.19M
NOI $3,911,280 @ 7.0% cap · market cap 281.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building in Mid-City/Miracle Mile submarket.
Where is this retail space located?
The property is located at 5413 W Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Freestanding retail building in a vibrant commercial corridor.; Located in the Mid‑City/Miracle Mile submarket with strong street visibility and traffic.; Zoned LAC2, allowing for a variety of commercial applications.
