707 Washington Blvd Los Angeles, CA 90021-3016

Property Details for 707 Washington Blvd

Year built

1957

Construction

TILT-UP CONCRETE

Lot size

0.15 lot acres

Property size

8,970 SF

Zone code

LAM2

Property type

Investment properties

Property subtype

Live-work space

APN

5131-005-002

APU

5131005002

Description

This exceptional redevelopment opportunity presents ±12,000 square feet of commercial land situated on a prime corner lot at the intersection of Washington Boulevard and Oxford Avenue in vibrant Venice, California. The property includes four individual lots (APN: 4229-010-018, 4229-010-019, 4229-010-020, 4229-010-021), totaling approximately 12,000 square feet. Currently, a two-story building occupies the site, featuring a former dry cleaner on the ground floor and a four-bedroom residential unit above. The property is being sold "as is," with the understanding that lots 62 and 63 have soil contamination requiring future remediation. Detailed documentation regarding the contamination and proposed remediation plans is available for review. The property is zoned C2, allowing for a diverse range of commercial uses, including but not limited to art galleries, pet shops, cafes, and more (refer to the C2 Commercial Zoning Code for a complete list of permitted uses). This location offers unparalleled access to the unique character of Venice, including its iconic Ocean Front Walk, Abbot Kinney Boulevard's trendy shops and restaurants, and the picturesque canals. The property is conveniently located 6.2 miles from LAX, 16.7 miles from Downtown Los Angeles, and 15.6 miles from Hollywood. This is a rare chance to acquire a significant commercial property in a highly sought-after location with substantial redevelopment potential. Asking price is $2,200,000 ($183.33/SF). The property is vacant.