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4739 W Washington Blvd 4,099 SF 100% Leased Office Building Los Angeles, CA 90016 $1,800,000 ($439.13/SF) 1% Cap Rate


Executive Summary
Rare Mid-City Los Angeles investment opportunity directly across the street from the Nate Holden Performing Arts Center. Built in 1928, this character-rich commercial property offers approximately 4,099 sq. ft. of building area situated on a 7,010 sq. ft. lot. The property consists of four total units featuring a unique mix of creative office, workshop, warehouse, studio, and flex-use spaces with vintage architectural details throughout.
Property highlights include exposed brick walls, soaring ceilings, skylights, mezzanine/storage areas, roll-up door access, private offices, workshop areas, and a large detached rear storage garage. The building has been retrofitted for seismic activity, providing added value and peace of mind for investors and owner-users alike.
Currently, two units are vacant with the possibility of delivering a third unit vacant, creating immediate upside potential for owner-users, creative businesses, or investors seeking value-add opportunities. Excellent setup for woodworking, design studio, fabrication, artist space, production, showroom, or mixed creative commercial uses.
Prime Mid-City location with convenient access to Downtown Los Angeles, Culver City, Koreatown, West Adams, and major transportation corridors. Tremendous opportunity to reposition, lease-up, or customize this iconic property in one of Los Angeles’ evolving creative corridors.
Buyer to independently verify square footage, zoning, permits, tenancy, and permitted uses. Property sold in present AS-IS condition.
Property highlights include exposed brick walls, soaring ceilings, skylights, mezzanine/storage areas, roll-up door access, private offices, workshop areas, and a large detached rear storage garage. The building has been retrofitted for seismic activity, providing added value and peace of mind for investors and owner-users alike.
Currently, two units are vacant with the possibility of delivering a third unit vacant, creating immediate upside potential for owner-users, creative businesses, or investors seeking value-add opportunities. Excellent setup for woodworking, design studio, fabrication, artist space, production, showroom, or mixed creative commercial uses.
Prime Mid-City location with convenient access to Downtown Los Angeles, Culver City, Koreatown, West Adams, and major transportation corridors. Tremendous opportunity to reposition, lease-up, or customize this iconic property in one of Los Angeles’ evolving creative corridors.
Buyer to independently verify square footage, zoning, permits, tenancy, and permitted uses. Property sold in present AS-IS condition.
Property Facts
Sale Type
Investment
Sale Condition
Deferred Maintenance
Property Type
Office
Property Subtype
Building Size
4,099 SF
Building Class
C
Year Built
1928
Price
$1,800,000
Price Per SF
$439.13
Cap Rate
1%
NOI
$18,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,099 SF
Building FAR
0.58
Lot Size
0.16 AC
Zoning
LAC2
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5071-025-008 | Improvements Assessment | $50,933 |
| Land Assessment | $39,611 | Total Assessment | $90,544 |
Property Taxes
Parcel Number
5071-025-008
Land Assessment
$39,611
Improvements Assessment
$50,933
Total Assessment
$90,544
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Presented by
Jacob, Christopher & Lee Realty & Investments
4739 W Washington Blvd
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