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5111 & 5119 Washington Boulevard
Los Angeles, CA 90016

Price: $6,950,000 Zoning: C2-1VL-CPIO
Bldg SF: 15,295 SF Price/SF: $454
Land SF: 22,652 SF TOC: Tier 1
Opportunity Zone: Yes Property Type: Industrial
Click to View Offering MemorandumClick to Print Offering Memorandum

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

Address: 5111 & 5119 W. Washington Boulevard, Los Angeles, CA 90016
Price: $6,900,000
Bldg SF: 15,295 SF
Land SF: 22,652 SF
ProForma CAP Rate: 5.53%
Price/SF: $454
Property Type: Industrail
Click to View Offering MemorandumClick to Print Offering Memorandum

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

Investment Highlights

Industrial Warehouses with a Multitude of Potential Uses Ideally Located in a Dense Urban Infill Los Angeles Location

 

  • Two separate industrial warehouses totaling 15,295 square feet

  • High expansive clear heights and wide-open spaces

  • Beautiful high bow trust ceilings

  • 18-foot clear heights and multiple drive in doors

  • Ample Parking

 

Centralized Los Angeles Location in the High-Growth Mid-City Sub-Market

 

  • Ideally located along Washington Boulevard, just West of South La Brea Avenue and just South of Venice Boulevard

  • High-demand densely populated sub-market

  • Immediate sub-market has undergone a revitalization and experienced tremendous growth

  • Centralized location within close proximity to transit, Culver City, Downtown Los Angeles, the Westside, the Interstate 10 Freeway, and Los Angeles International Airport

  • Influx of hip and trendy restaurants, shops, and entertainment options

 

22,652 Square Feet of Land in a Qualified Opportunity Zone and Tier 1 TOC

 

  • 22,652 square feet of land zoned C2-1VL

  • Ideally located in a Qualified Opportunity Zone

  • Significant development in the immediate area

  • Gentrifying immediate sub-market

 

Dense Urban Infill Location with Strong Immediate Demographics

 

  • Strong demographics with over 1.2 million people within five miles

  • Average household income of over $69,000 within a one-mile radius and a median household income of $50,817

  • Walk score of 77, making this a very walkable location

  • Young demographic with an average age of 36

  • Over 16,000 households within a one-mile radius