11515 Washington Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90066
$3,550,000 USD
310-806-6131
11515 Washington Blvd, Los Angeles, CA for Sale
$3,550,000 USD
Storefront Retail/Office - FOR SALE
1/21
null | 4.75% Cap Rate

Jul '25


11515 Washington Blvd
Los Angeles, CA 90066


HIGHLIGHTS

  • Creative Office in Culver City's Mar Vista-adjacent West Washington neighborhood
  • Concrete floors, bright open and private office spaces, exposed ductwork
  • Single-tenant, street-front identity, building signage (Buyer to verify)
  • On-site parking, outdoor patio / workspace
  • Central Westside location, close to Coffee, Foodie dining, 405 Freeway, just north of Playa Vista and minutes away from Venice Beach & Marina Del Rey

OVERVIEW

Currently leased through June 2025 to Ascend Healthcare, a dedicated substance abuse recovery and mental health support organization helping both youth and adults take back control of their lives. The tenant has 1 3-year Option. With in-place income, this is an excellent opportunity to purchase an income property in Culver City's Mar Vista-adjacent West Washington neighborhood. Aside from an investment opportunity, there is a near-term horizon for potential use by an Owner-User. Cap Rate / NOI based upon the upcoming 7/1/24 scheduled 4% annual increase.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$862 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Showroom, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,471 SF

ZONING

CCC3YY

APN/PARCEL ID

4233-003-046

ASK ABOUT THIS PROPERTY

Kevin LachoffNAI CapitalMore Info
310-806-6131

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Kevin LachoffNAI CapitalMore Info
310-806-6131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.