13474-6 Washington Blvd Marina del Rey, CA 90292
- Retail properties
- 4,577 SF
Current Use by Public Records
- Retail properties
Property Details for 13474-6 Washington Blvd
- Year built
- 1927
- Property size
- 4,577 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional Marina del Rey property presents a compelling redevelopment opportunity. Located at 13474-6 Washington Blvd, this vacant 4,577 square foot building sits on a 13,318 square foot lot (0.31 acres) and offers significant upside potential. Previously occupied by a veterinary hospital, the property boasts 16 parking spaces – a rare commodity in this area. Its prime location across from Costco and near Cedars-Sinai provides exceptional visibility and accessibility. The property benefits from three points of ingress/egress (Washington Blvd, Del Rey Ave, and Beach Ave) and a large double-sided illuminated sign. The building, constructed in 1927, is a two-story structure with LA(CM)GM & CCC3 zoning. The asking price is $6,200,000 ($1,354.60/sq ft), with a pro-forma cap rate of 4.84% and pro-forma NOI of $300,000. The land value is $466 per square foot. This is an ideal investment for developers or owner-users seeking to capitalize on the thriving Marina del Rey and Culver City markets. The property's high visibility and convenient access to major arteries, including Lincoln and Washington Boulevards, make it an exceptional opportunity. APN: 4230-003-003, -004, -005, -006, -062.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marina del Rey
- County
- Los Angeles
- State
- California
- Longitude
- -118.447
- Latitude
- 33.9908