5519 Washington BlvdLos Angeles, CA 90016

Property Details for 5519 Washington Blvd

Year built

1939

Property size (Sq ft)

7,352 SF

Property type

Residential income properties

Property subtype

Other warehouses

Description

This exceptional 7,352 square foot mixed-use property at 5519-5521 Washington Blvd, Los Angeles, CA 90016, presents a unique investment opportunity. Built in 1939 and renovated in 1950, this commercially zoned (LA C2-1VL-CPIO) building offers versatile space ideal for creative office, warehouse, showroom, or retail uses. The property sits on a 13,166 square foot lot, with a land value of $2 per square foot. The asking price is $5,000,000, translating to $680.09 per square foot. Eight secure, gated parking spaces are included. Its prime location, three blocks east of Fairfax Avenue, two miles south of LACMA and the Miracle Mile, and just north of the Santa Monica (I-10) Freeway, offers unparalleled access and visibility. The property is also conveniently located minutes from Culver City. Further enhancing its appeal, this property is designated a Qualified Opportunity Zone, providing significant tax benefits for investors. The existing structure presents immediate use potential, while the substantial lot size also offers future development possibilities. APN: 5064-017-003,019.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0375

Longitude

-118.364

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