2368-2378 Washington Blvd Los Angeles, CA 90018

Property Details for 2368-2378 Washington Blvd

Year built

1925

Lot size

4.59 lot acres

Property size

9,764 SF

Property type

Warehouses

Property subtype

Retail properties

Description

This 9,764 square foot warehouse, situated on a 4.59-acre lot in Los Angeles, CA (90018), presents a compelling investment opportunity for owner-users, investors, or developers. Located at 2368-2378 W Washington Blvd, this property boasts 160 feet of frontage on a busy thoroughfare with a 2018 traffic count of 28,814 vehicles per day. Built in 1925 and renovated in 1993, the warehouse features ceiling heights ranging from 12 to 20 feet and ample parking for 30 vehicles. The property includes a pylon sign and offers easy access to Downtown Los Angeles and West Los Angeles via the Santa Monica (I-10) Freeway. The site comprises various commercial buildings totaling approximately 9,764 square feet of permitted space, plus an additional 5,788 square feet of unpermitted building area. The property is easily divisible and zoned LA C1.5-1VL-O-CPIO (Permitted Zoning). Extensive environmental reviews have been completed, including Phase I & II (2014-15), NEPA (2016), and CEQA (2020) compliance. The asking price is $4,995,000 ($511.57/sq ft), with a land value of $208.13/sq ft. The property's history as the former Compton Parmelee Armory adds to its unique character. Buyers are responsible for verifying all information. This is a motivated seller offering a price reduction of over $400,000. The property's versatility allows for various uses, including retail/wholesale with warehousing, creative conversion, mixed-use development, or even a ghost kitchen conversion. The large private parking lot and heavy 1200 amps power further enhance its appeal.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.314

Latitude

34.0396