2378 W Washington Boulevard,Los Angeles, CA 90018
Los Angeles, CA 90018
Description
Exceptional opportunity to acquire a highly versatile commercial property consisting of three parcels and four property addresses. See remarks for additional information. Strategically positioned along the highly traveled Washington Boulevard corridor between Downtown Los Angeles and the Westside, this multi-parcel asset offers outstanding visibility, accessibility, and long-term upside. The property features approximately 15,000+ square feet of improvements situated on three contiguous parcels totaling close to 20,000 square feet (Buyer to independently verify). The site includes a combination of warehouse, industrial, and commercial improvements with generous ceiling heights, heavy power capacity, multiple access points, and flexible configurations suitable for a variety of owner-user, industrial, manufacturing, wholesale, distribution, retail, creative, or investment uses. Public records indicate portions of the improvements date back to the 1920s, with subsequent additions and alterations over the years, reflecting the property’s long-standing commercial use. The second floor offers three office spaces, one conference room and one restroom. One of the property’s most compelling attributes is its location within a designated Opportunity Zone, presenting investors and developers with the potential for significant long-term tax advantages while capitalizing on the continued revitalization of the surrounding area (buyers should consult their tax and legal advisors regarding Opportunity Zone benefits). Additionally, the property is zoned for commercial/industrial use, providing flexibility for future redevelopment or repositioning, subject to city approval. Located just minutes from Downtown Los Angeles, the I-10 Santa Monica Freeway, USC, the Expo Line, and numerous new residential and mixed-use developments, this asset benefits from strong demographics, excellent transportation connectivity, and increasing demand for industrial and commercial space in Central Los Angeles. Whether you’re an owner-user seeking a strategic operating location, an investor looking for stable long-term value, or a developer pursuing a future redevelopment opportunity in one of Los Angeles’ most active growth corridors, this is a rare offering with exceptional potential. Buyer to independently verify all square footage, zoning, permitted uses, development potential, Opportunity Zone benefits, and all information through their own investigations.
Details
| MLS # | CV26141616 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Building Name | Alpine |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 58 |
| Listing Provided By | KELLER WILLIAMS REALTY | Manlio Ceja-Gomez |
Features
| SQ Feet | 15,552 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 1 |
| Building(s) | 3 |
| Zoning | LAC 1.5 |
| Acreage | 0.55 |
Exterior
| Roof | Asphalt, Flat |
|---|---|
| Lot Features | Near Public Transit |
| Fencing | Average Condition |
Taxes
| Property | 11412 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90018) | |
Price: $3,995,900 low | high Med: $1,340,000 sqft: 15,552 low | high Med: 3,144 $ / sqft: $257 low | high Med: $426 On site: 58 low | high Med: 36 | |
Market Activity 90018
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90018 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90018) | |
Price: $3,995,900 low | high Med: $1,340,000 sqft: 15,552 low | high Med: 3,144 $ / sqft: $257 low | high Med: $426 On site: 58 low | high Med: 36 | |