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    5519 Washington Blvd Los Angeles, CA 90016

    Sponsored
    For Sale
    $5,000,000

    7,352 SF Flex Space, $5M

    Property size:
    7,352 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,352 square foot mixed-use property at 5519-5521 Washington Blvd, Los Angeles, CA 90016, presents a unique investment opportunity. Built in 1939 and renovated in 1950, this commercially zoned (LA C2-1VL-CPIO) building offers versatile space ideal for creative office, warehouse, showroom, or retail uses. The property sits on a 13,166 square foot lot, with a land value of $2 per square foot. The asking price is $5,000,000, translating to $680.09 per square foot. Eight secure, gated parking spaces are included. Its prime location, three blocks east of Fairfax Avenue, two miles south of LACMA and the Miracle Mile, and just north of the Santa Monica (I-10) Freeway, offers unparalleled access and visibility. The property is also conveniently located minutes from Culver City. Further enhancing its appeal, this property is designated a Qualified Opportunity Zone, providing significant tax benefits for investors. The existing structure presents immediate use potential, while the substantial lot size also offers future development possibilities. APN: 5064-017-003,019.

    Property Features for 5519 Washington Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,352 SF

    Building Details

    Year Built/Renovated
    1939/1950

    HighLights

    • Purchase or lease available.
    • Flex space with commercial zoning.
    • Suitable for retail, office, or warehouse uses.
    • Secure gated parking for approximately eight vehicles.
    • Three blocks east of Fairfax Avenue.
    • Two miles south of LACMA and the Miracle Mile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -118.3639263
    Latitude
    34.0375195

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    FAQs

    What type of property is this?
    Multifamily property - 7,352 SF Flex Space, $5M
    Where is this multifamily property located?
    The property is located at 5519 Washington Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Purchase or lease available.; Flex space with commercial zoning.; Suitable for retail, office, or warehouse uses.
    Request Owner's contact information
    5519 Washington Blvd Los Angeles, CA 90016
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    Los Angeles, CA 90016
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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
    5519 Washington Blvd Los Angeles, CA 90016
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