Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.0853

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $3,050,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

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Los Angeles

Elementary School

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Listing Courtesy of Marv Peters , Park Hills Heights Realty Group

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Prime Westside asset situated on the western border of Culver City and vibrant Marina del Rey, this high-exposure commercial property presents a rare opportunity for investors, developers, and owner-users alike.  Currently 100% leased under an Absolute NNN structure, the property delivers $221,400 in Net Operating Income (NOI) annually, offering passive, worry-free income with zero landlord responsibilities and a very attracive 6.35% Cap Rate. This stable income stream is backed by long-term tenancy and a premier location along the high-traffic Washington Blvd corridor.

13484 W Washington Boulevard

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Related Properties

The subject property is a two story commercial office building consisting of 4 individual office suites, with parking for 9 vehicles on site.  The parcel is zoned C3 (Regional Commercial) which allows office and some retail uses. The property was original built as a 6 units apartment building in 1953 and was later converted to an Office Building in 2007 with permits from Culver City.  Over $320,000 in improvements were made in 2007 upgrading electrical, plumbing, mechanical, and other infrastructure throughout the property in order to convert the property into four postproduction offices for the entertainment industry.  

On each floor there are 2 office suites. Each floor has a smaller office suite with a lobby, 3 private offices one ADA bathroom and a kitchen/break area. The larger office suite on each floor has 4 private offices, one bathroom and one kitchen.  The suites are contiguous on each floor, so they could potentially be combined to make 1 larger office on either floor or both floors.  More recently the suites were rented out as four individual offices.  The property can be leased out as an investment property, or used for an owner user with potential for an SBA loan if an owner-user occupies 51% or more of the property.

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