13474-6 Washington BlvdMarina del Rey, CA 90292

  • Office properties
  • 4,577 SF
For Sale
$6,200,000 View listing

Property Details for 13474-6 Washington Blvd

Year built
1927
Property size (Sq ft)
4,577 SF
Property type
Office properties
Property subtype
Other retail properties

Description

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.

13474-6 Washington Blvd, Marina del Rey, California

Location Insight

City
Marina del Rey
County
Los Angeles
State
California
Latitude
33.9908
Longitude
-118.447

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