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13476 Washington Boulevard
Marina Del Rey, CA 90292

Price: $5,950,000 Zoning: LACM(GM), CC3YY
Bldg SF: 4,956 SF Price/SF: $1,201
Land SF: 13,316 SF Occupancy: Vacant
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Nicole Lu
(310) 909-2373
nicole.lu@marcusmillichap.com
License # 02045957

Price: $5,950,000
Bldg SF: 4,956 SF
Land SF: 13,316 SF
ProForma CAP Rate: 3.67%
Price/SF: $1,201
Occupancy:  Vacant
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Nicole Lu
(310) 909-2373
nicole.lu@marcusmillichap.com
License # 02045957

Investment Highlights

Mixed-use retail and medical office property with excellent fundamentals

 

  • 4,956 square foot building located on 13,316 square feet of land
  • The building features 16 parking spaces
  • Located across five parcels
  • Exceptional Ingress & Egress with access from three streets: Washington Boulevard, Beach Avenue, and Del Rey Avenue
  • 78 feet of frontage along highly trafficked Washington Boulevard
  • Rooftop sign which is approximately 60” by 118”

 

Centrally Located within the Marina Del Rey submarket

 

  • The property is located within both Marina Del Rey and Culver City, but resides within the heart of the Marina Del Rey submarket
  • Directly across the street from Costco, Costco Gas, In-N-Out, and Subway
  • Walking Distance from Walgreens, Papa Johns, Wells Fargo, 7-Eleven, Jersey Mikes, and Chick-Fil-A
  • Two blocks from the highly trafficked signalized intersection of Washington Boulevard and Lincoln Boulevard which features average daily traffic counts north of 66,000 vehicles per day

 

Surrounded by substantial development

 

  • G8 by California Landmark Group is a recently completed 230-unit development featuring 250,000 square feet of residential space in addition to 15,000 square feet of amenities, located just behind the subject property
  • AMLI Marina Del Rey is a 585-unit development project located less than one- and one-half miles from the subject property
  • Neptune Marina is a 526-unit development located just over one- and one-half miles from the subject property
  • Cedars-Sinai Marina del Rey Hospital is expected to break ground later this year on a new 9-story 200,000 SF hospital building, more than doubling in size

 

Dense and Affluent demographics

 

  • The affluent submarket features strong demographics, average household income is $146,495 within one mile of the property, $134,154 within three miles of the property, and $132,269 within five miles of the property
  • There are 38,794 people located within one mile of the property, 238,243 people located within three miles of the property, and 521,731 people located within five miles of the property
  • There are 18,964 households located within one mile of the property, 109,824 households located within three miles of the property, and 244,158 properties located within five miles of the property