1459 Washington Blvd Los Angeles, CA 90007
- Retail space
- 798 SF
- 0.16 lot acres
Current Use by Public Records
- Retail space
Property Details for 1459 Washington Blvd
- Year built
- 1939
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 798 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 5056-016-012
- APU
- 5056016012
Description
This exceptional redevelopment opportunity presents two buildings totaling 7,362 square feet situated on a substantial 21,014 square foot lot in the heart of Los Angeles, CA. Located at 1459 & 1479 W Washington Blvd, this property boasts a prime location near the intersection of W Washington Blvd and Orchard Ave, offering convenient access to downtown Los Angeles and the University of Southern California (USC). The buildings, constructed in 1919 and 1939, currently operate as multi-tenant retail space with short-term leases, presenting a unique chance for significant value enhancement. The land value is assessed at $236 per square foot, reflecting the desirability of this location. The property's address is 1459 & 1479 W Washington Blvd, Los Angeles, CA 90007, and its convenient location provides direct access to the Santa Monica (10) Freeway via Vermont Avenue. With a population of over 648,925 residents within a 3-mile radius, this property offers substantial potential for multi-family, commercial, or mixed-use development. The asking price is $4,950,000. The property consists of two buildings and includes four APNs: 5056-016-009, -010, -011, & -012. This is a rare chance to acquire a significant property in a high-growth area of Los Angeles.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.288
- Latitude
- 34.0403
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
