11515 Washington Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
11515 Washington Blvd
4,120 SF Retail Building Los Angeles, CA 90066 $3,550,000 ($862/SF) 4.75% Cap Rate
Investment Highlights
- Creative Office in Culver City's Mar Vista-adjacent West Washington neighborhood
- Single-tenant, street-front identity, building signage (Buyer to verify)
- Central Westside location, close to Coffee, Foodie dining, 405 Freeway, just north of Playa Vista and minutes away from Venice Beach & Marina Del Rey
- Concrete floors, bright open and private office spaces, exposed ductwork
- On-site parking, outdoor patio / workspace
Executive Summary
Currently leased through June 2025 to Ascend Healthcare, a dedicated substance abuse recovery and mental health support organization helping both youth and adults take back control of their lives. The tenant has 1 3-year Option. With in-place income, this is an excellent opportunity to purchase an income property in Culver City's Mar Vista-adjacent West Washington neighborhood. Aside from an investment opportunity, there is a near-term horizon for potential use by an Owner-User. Cap Rate / NOI based upon the upcoming 7/1/24 scheduled 4% annual increase.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,120 SF
Building Class
C
Year Built
1962
Price
$3,550,000
Price Per SF
$862
Cap Rate
4.75%
NOI
$168,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Land Acres
0.13 AC
Zoning
CCC3YY
Parking
3 Spaces (0.72 Spaces per 1,000 SF Leased)
Frontage
90 FT on Washington Blvd
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Air Conditioning
- Fiber Optic Internet
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4233-003-046 | Improvements Assessment | $72,692 |
| Land Assessment | $209,794 | Total Assessment | $282,486 |
PROPERTY TAXES
Parcel Number
4233-003-046
Land Assessment
$209,794
Improvements Assessment
$72,692
Total Assessment
$282,486
-
Kevin Lachoff -
NAI Capital
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
11515 Washington Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.