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Mixed-Use:Vacant Retail/Warehouse/Residential 1856 W Washington Blvd 4,680 SF Retail Building Los Angeles, CA 90007 $925,000 ($197.65/SF)
Investment Highlights
- Variety of light manufacturing and distribution uses allowed with CM-1-CPIO zoning
- 11-14' height clearance
- Delivered 100% vacant at close of escrow
- Spacious warehouse unit with skylights
- Adjacent to two separate commercial kitchen operations
Executive Summary
Additional Price Reduction! Property will be delivered 100% vacant. Darin Spillman at Kidder Mathews is pleased to present for sale 1856-1858 W. Washington Blvd., a mixed-use retail/residential/warehouse asset in the West Adams/Pico-Union submarket of central Los Angeles.
The property is comprised of two attached buildings sharing a common wall: a two-story mixed-use building with ground floor retail and a 3-bed, 1-bath owner/proprietor apartment upstairs (accessible only through the retail space below), and a single-story retail/warehouse building. Both buildings are 100% vacant.
The single story warehouse unit benefits from 11-14 foot clearance in a generous open warehouse design, with several skylights, a small kitchen and two 1/2 bathrooms and one 3/4 bathroom. It also has a rolling steel door for additional garage parking.
The property is ideally suited for an owner-user buyer, who can obtain an SBA loan with as little as 10% down payment, provided they occupy at least 51% of the building’s commercial space.
The property is comprised of two attached buildings sharing a common wall: a two-story mixed-use building with ground floor retail and a 3-bed, 1-bath owner/proprietor apartment upstairs (accessible only through the retail space below), and a single-story retail/warehouse building. Both buildings are 100% vacant.
The single story warehouse unit benefits from 11-14 foot clearance in a generous open warehouse design, with several skylights, a small kitchen and two 1/2 bathrooms and one 3/4 bathroom. It also has a rolling steel door for additional garage parking.
The property is ideally suited for an owner-user buyer, who can obtain an SBA loan with as little as 10% down payment, provided they occupy at least 51% of the building’s commercial space.
Property Facts
Sale Type
Owner User
Property Type
Building Size
4,680 SF
Building Class
C
Year Built
1922
Price
$925,000
Price Per SF
$197.65
Building Height
1 Story
Building FAR
0.83
Lot Size
0.13 AC
Zoning
LACM - Commercial
Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5075-028-005 | Improvements Assessment | $149,872 |
| Land Assessment | $72,145 | Total Assessment | $222,017 |
Property Taxes
Parcel Number
5075-028-005
Land Assessment
$72,145
Improvements Assessment
$149,872
Total Assessment
$222,017
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Mixed-Use:Vacant Retail/Warehouse/Residential | 1856 W Washington Blvd