1355 Washington BlvdLos Angeles, CA 90021
- Retail properties
- 5,610 SF
Property Details for 1355 Washington Blvd
- Year built
- 1905
- Construction
- WOOD
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 5,610 SF
- Zone code
- LAM2
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 5129-002-025
- APU
- 5129002025
Description
This exceptional Los Angeles storefront property, located at 1355 E Washington Blvd, offers 10,610 square feet of versatile space, ideal for a variety of uses including warehouse, showroom, retail, wholesale, or creative ventures. The property boasts two adjacent buildings, situated on a 12,000 square foot lot in the desirable Los Angeles Fashion District, just half a block east of Central Avenue. The building, constructed between 1905 and 1965, features convenient ground-level loading, fenced and paved parking for approximately eight vehicles, and is zoned LA M2. Its prime location offers excellent visibility and accessibility, directly adjacent to the Metro Blue light rail line. The asking price is $2,500,000, representing a compelling $235.63 per square foot building value. This is a motivated seller opportunity with many potential uses. The property's APN is 5129-002-024,025. Don't miss this chance to acquire a significant property in a thriving Los Angeles location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,389,398
- 6.5%
- $2,205,598
- 7%
- $2,048,055
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,688,330
- Geo Method
- $2,688,330
-
Alternative Use
- Use
- Valuation
- Residential
- $1,860,504
- Hospitality
- $1,704,212
- Educational
- $1,417,884
- Medical
- $1,466,648
- Retail
- $2,205,598
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0238
- Longitude
- -118.249
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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