1459 Washington BlvdLos Angeles, CA 90007

This exceptional redevelopment opportunity presents two buildings totaling 7,362 square feet situated on a substantial 21,014 square foot lot in the heart of Los Angeles, CA. Located at 1459 & 1479 W Washington Blvd, this property boasts a prime location near the intersection of W Washington Blvd and Orchard Ave, offering convenient access to downtown Los Angeles and the University of Southern California (USC). The buildings, constructed in 1919 and 1939, currently operate as multi-tenant retail space with short-term leases, presenting a unique chance for significant value enhancement. The land value is assessed at $236 per square foot, reflecting the desirability of this location. The property's address is 1459 & 1479 W Washington Blvd, Los Angeles, CA 90007, and its convenient location provides direct access to the Santa Monica (10) Freeway via Vermont Avenue. With a population of over 648,925 residents within a 3-mile radius, this property offers substantial potential for multi-family, commercial, or mixed-use development. The asking price is $4,950,000. The property consists of two buildings and includes four APNs: 5056-016-009, -010, -011, & -012. This is a rare chance to acquire a significant property in a high-growth area of Los Angeles.