ActiveCommercial · sale

2378 W Washington Boulevard

Los Angeles, CA 90018

$3,995,900

  • 0.55 acres
  • Built 1925

Listed by KELLER WILLIAMS REALTY · MLS #CV26141616

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1925.

Property size

0.55 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

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.

THE NEIGHBORHOOD

Explore the location.

2378 W Washington Boulevard, Los Angeles, CA 90018

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THE DETAILS

The details, all in one place.

Property type
CommercialSale
Category
Commercial
Year built
1925
Fencing
AverageCondition
Zoning
LAC 1.5
Parcel
5073028008
Annual property tax
$11,412.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

ERA PROPERTY MANAGEMENT

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2378 W Washington Boulevard, Los Angeles, CA 90018 · MLS #CV26141616

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Listing information

MLS #CV26141616 · California Regional MLS

Listing brokerage: KELLER WILLIAMS REALTY
Listing agent: Manlio Ceja-Gomez

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.