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12118-12130 W Washington Boulevard
Los Angeles, CA 90066

Price: $5,750,000 Zoning: CCC3* & LAR1
Land SF: 14,973 SF Price/SF (Building): $725
Building SF: 7,929 SF Price/SF (Land): $384
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 1865688

Address: 12118-12130 W Washington Boulevard, Los Angeles, CA 90066
Price: $5,750,000
Bldg SF: 7,929 SF
Land SF: 14,973 SF
Zoning: CCC3* & LAR1
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 1865688

Investment Highlights

IRREPLACEABLE WEST LOS ANGELES LOCATION

 

• SE signalized corner of Washington Boulevard and Grandview Boulevard

• Direct access to the 405 San Diego Freeway and close proximity to Mar Vista, Venice, Marina Del Rey, Playa Del Rey, and Santa Monica

• Significant ongoing redevelopment in the immediate area

 

PRIME VALUE ADD / OWNER-USER / DEVELOPMENT OPPORTUNITY

 

• 14,975 square-feet of land

• Ideal for mixed-use redevelopment

• Rear alley access

• Nearly 8,000 square feet of existing retail on m2m leases offering immediate upside or owner-user flexibility

 

AFFLUENT AND DENSELY POPULATED CULVER CITY SUBMARKET

 

• Average household income north of $92,022 within a one- mile radius

• Over 677,141 people within 5 miles

• More than 18,957 households within 1 mile of the subject property

• Home to a mix of local and national retailers, local eateries, high-end shopping, nightlife/entertainment options

 

UNIQUE FUNDAMENTALS CREATE A RARE SHORT OR LONG TERM REDEVELOPMENT OPPORTUNITY

 

• High daily traffic counts north of 26,796 vehicles per day

• Walker’s paradise with a walk score of 85 out of 100

• Significant growth projections with an average population age of 39.2

• Notable nearby developments within blocks of the subject property, such as Culver Public Market and Pennylane