For Sale
$6,200,000

13474-6 Washington BlvdMarina del Rey, CA 90292

Prime location, high-potential retail/office space

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Marina del Rey property presents a compelling redevelopment opportunity. Located at 13474-6 Washington Blvd, this vacant 4,577 square foot building sits on a 13,318 square foot lot (0.31 acres) and offers significant upside potential. Previously occupied by a veterinary hospital, the property boasts 16 parking spaces – a rare commodity in this area. Its prime location across from Costco and near Cedars-Sinai provides exceptional visibility and accessibility. The property benefits from three points of ingress/egress (Washington Blvd, Del Rey Ave, and Beach Ave) and a large double-sided illuminated sign. The building, constructed in 1927, is a two-story structure with LA(CM)GM & CCC3 zoning. The asking price is $6,200,000 ($1,354.60/sq ft), with a pro-forma cap rate of 4.84% and pro-forma NOI of $300,000. The land value is $466 per square foot. This is an ideal investment for developers or owner-users seeking to capitalize on the thriving Marina del Rey and Culver City markets. The property's high visibility and convenient access to major arteries, including Lincoln and Washington Boulevards, make it an exceptional opportunity. APN: 4230-003-003, -004, -005, -006, -062.

Highlights

  • Exceptional redevelopment opportunity in Marina del Rey.
  • 4,577 SF building on a 13,318 SF lot (0.31 acres) with 16 parking spaces.
  • Prime location across from Costco, near Cedars-Sinai, offering high visibility and accessibility.
  • Three points of ingress/egress and a large double-sided illuminated sign.
  • Asking price: $6,200,000 ($1,354.60/SF), 4.84% pro-forma cap rate, $300,000 pro-forma NOI, $466/SF land value.

Property Details for 13474-6 Washington Blvd

Property type
Retail properties, Office properties
Square Feet
4,577 SF
Year Built
1927
Stories
2
Units
1

Location Insight

City
Marina del Rey
County
Los Angeles
State
California
Latitude
33.990821054377
Longitude
-118.44693603354
13474-6 Washington Blvd, Marina del Rey, California

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13474-6 Washington Blvd
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