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Value Add Retail/Auto/Service Opportunity 5024-5030 W Washington Blvd 3,540 SF Retail Building Los Angeles, CA 90016 $2,000,000 ($564.97/SF)
Investment Highlights
- Retail, Auto Related, Service Uses
- Redevelopment Potential
- Available With Adjacent 21-Unit Apartment for $4,350,000
- Ideal for Owner-User, Investor or Developer
- Prime Washington Blvd Mid-City Location
Executive Summary
5024–5030 W Washington Blvd presents a rare value-add commercial and redevelopment opportunity in the highly desirable Mid-City Los Angeles submarket. The property offers multiple investment strategies including retail repositioning, owner-user occupancy, automotive or service-related operations, and future mixed-use redevelopment potential. Current $78,000 gross annual income from 3 tenants (all month-to-month). The site’s flexible LAC2 zoning, large parcel size, onsite parking, and strong Washington Boulevard frontage create significant upside for investors seeking long-term appreciation and adaptive reuse opportunities. Additionally, the property’s Opportunity Zone designation may provide substantial tax advantages for qualified investors, while the low existing FAR makes the asset attractive as a strategic land banking opportunity within a rapidly appreciating urban infill corridor. Note: Available for purchase with adjacent 21-unit apartment building for total of $4,350,000.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,000
|
$22.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,000
|
$22.03
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $22.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,000 |
| Annual Per SF | $22.03 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,540 SF
Building Class
C
Year Built
1939
Price
$2,000,000
Price Per SF
$564.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
LAC2-1VL-CPIO
Parking
12 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
65’ on W Washington
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- First Choice Exterminators
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| First Choice Exterminators | Services | - | - | - |
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5062-004-011 | Improvements Assessment | $23,530 |
| Land Assessment | $62,417 | Total Assessment | $85,947 |
Property Taxes
Parcel Number
5062-004-011
Land Assessment
$62,417
Improvements Assessment
$23,530
Total Assessment
$85,947
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Value Add Retail/Auto/Service Opportunity | 5024-5030 W Washington Blvd
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