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    1355 Washington Blvd Los Angeles, CA 90021

    Sponsored
    For Sale
    $2,500,000

    10,610 SF Retail/Industrial Building

    Property size:
    10,610 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Los Angeles storefront property, located at 1355 E Washington Blvd, offers 10,610 square feet of versatile space, ideal for a variety of uses including warehouse, showroom, retail, wholesale, or creative ventures. The property boasts two adjacent buildings, situated on a 12,000 square foot lot in the desirable Los Angeles Fashion District, just half a block east of Central Avenue. The building, constructed between 1905 and 1965, features convenient ground-level loading, fenced and paved parking for approximately eight vehicles, and is zoned LA M2. Its prime location offers excellent visibility and accessibility, directly adjacent to the Metro Blue light rail line. The asking price is $2,500,000, representing a compelling $235.63 per square foot building value. This is a motivated seller opportunity with many potential uses. The property's APN is 5129-002-024,025. Don't miss this chance to acquire a significant property in a thriving Los Angeles location.

    Property Features for 1355 Washington Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,610 SF

    Building Details

    Year Built
    1905

    HighLights

    • Price reduction! Motivated seller!
    • Two adjacent buildings available.
    • Excellent investment opportunity.
    • Versatile space suitable for warehouse, showroom, retail, wholesale, or creative uses.
    • Fenced, paved parking for approximately eight vehicles.
    • Ground‑level loading dock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hobbs and Sons Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2487564
    Latitude
    34.0237527

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    FAQs

    What type of property is this?
    Individual retail property - 10,610 SF Retail/Industrial Building
    Where is this individual retail property located?
    The property is located at 1355 Washington Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Price reduction! Motivated seller!; Two adjacent buildings available.; Excellent investment opportunity.
    Request Owner's contact information
    1355 Washington Blvd Los Angeles, CA 90021
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    Los Angeles, CA 90021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1355 Washington Blvd Los Angeles, CA 90021
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