1355-1359 Washington Blvd Los Angeles, CA 90021
This exceptional Los Angeles property presents a unique investment opportunity encompassing two adjacent buildings totaling 10,610 square feet. Built between 1905-1935 and 1965, this versatile space offers a multitude of potential uses, including warehouse, showroom, retail/wholesale, or creative office space. The property boasts convenient ground-level loading, a fenced and paved lot providing parking for approximately eight vehicles, and is zoned LA M2. Strategically located just half a block east of Central Avenue, this prime location benefits from the proximity of the Metro Blue Line light rail, running directly in front, and the vibrant Downtown Los Angeles Fashion District. The 12,000 square foot lot includes two buildings, offering significant flexibility for various business needs. The asking price is $2,500,000, translating to $235.63 per square foot. The property's address is 1355-1359 E Washington Blvd, Los Angeles, CA 90021, with APN 5129-002-024,025. This is an excellent opportunity to acquire a well-situated property in a thriving Los Angeles neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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