13474 Washington Blvd
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13474 Washington Blvd
4,975 SF 100% Leased Retail Building Marina Del Rey, CA 90292 $6,200,000 ($1,246/SF)
Investment Highlights
- Investment for Developers or Owner-Users
- Potential as Medical, Office, and/or Retail
- In the surrounding area there are over a dozen hospitals, urgent care facilities, surgical centers, and medical office buildings
Executive Summary
The subject property is a great investment for developers or owner-users who are well positioned to capitalize on this coveted location, saddling Marina Del Rey and Culver City, and its broad potential as medical, office, and/or retail.
Financial Summary (Pro forma - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$60.30
|
| Other Income |
$77,408
|
$15.56
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$377,408
|
$75.86
|
| Taxes |
$71,408
|
$14.35
|
| Operating Expenses |
$6,000
|
$1.21
|
| Total Expenses |
$77,408
|
$15.56
|
| Net Operating Income |
$300,000
|
$60.30
|
Financial Summary (Pro forma - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $60.30 |
| Other Income | |
|---|---|
| Annual | $77,408 |
| Annual Per SF | $15.56 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $377,408 |
| Annual Per SF | $75.86 |
| Taxes | |
|---|---|
| Annual | $71,408 |
| Annual Per SF | $14.35 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.21 |
| Total Expenses | |
|---|---|
| Annual | $77,408 |
| Annual Per SF | $15.56 |
| Net Operating Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $60.30 |
Property Facts In Escrow
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,975 SF
Building Class
B
Year Built
1927
Price
$6,200,000
Price Per SF
$1,246
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.31 AC
Zoning
CCC3 & LA(CM)GM - LACM(GM), CCC3YY
Parking
16 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Mezzanine
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,481,319 (2024) | |
| Land Assessment | $922,508 (2024) | Annual Taxes | $71,408 ($14.35/SF) |
| Improvements Assessment | $558,811 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$922,508 (2024)
Improvements Assessment
$558,811 (2024)
Total Assessment
$1,481,319 (2024)
Annual Taxes
$71,408 ($14.35/SF)
Tax Year
2022
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13474 Washington Blvd
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