11736 Washington BlvdLos Angeles, CA 90066

Property Details for 11736 Washington Blvd

Year built

1953

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

1,960 SF

Zone code

LAR3

Property type

Hospitality properties

Property subtype

Motels

APN

4233-024-028

APU

4233024028

Description

This exceptional mixed-use property in prime Culver City boasts a 16-unit motel (Villa Brazil), a highly profitable restaurant (Cafe Brazil), and two apartments, all situated on a 15,832 sq ft lot. The property enjoys a prominent 103.89-foot frontage on Washington Blvd. With a combined annual revenue exceeding $1,600,000 (based on 2016-2018 averages), this offering presents a significant value-add opportunity for an owner-user. The property's mixed zoning (CCC3YY & R3-1) allows for substantial redevelopment potential. By-right development permits up to 15 residential and 3 retail units, with potential for expansion through density bonus programs and community benefit initiatives, potentially yielding up to 25 residential and 3 retail units. The location benefits from proximity to major freeways (405 & 10), thriving businesses (Apple, Amazon, Google, Facebook, HBO), and the burgeoning Culver City Arts District. The property's strong operating history, combined with its prime location and development potential, makes it an exceptional investment opportunity. The property includes 11,312 sq ft zoned CCC3YY and 4,528 sq ft zoned R3-1. The building was constructed in 1953 and features 15,832 square feet of space. The asking price is $14,000,000, translating to $884.28 per square foot. The property's APN is 4233-024-027 & 4233-024-028. The location is 11736 & 11740 W. Washington Blvd, Los Angeles, CA 90066.

• CAP approach

  CAP return

  Valuation

  6%

  $514,326

  6.5%

  $474,763

  7%

  $440,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $875,877

  Geo Method

  $875,877

• Alternative Use

  Use

  Valuation

  Residential

  $518,303

  Hospitality

  $474,763

  Educational

  $394,997

  Medical

  $408,581

  Retail

  $614,440

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9991

Longitude

-118.418

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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