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27288367
27288397

2415 E Washington Blvd, Los Angeles, CA 90021

Lee & Associates - Los Angeles - Downtown
Listed by Lee & Associates - Los Angeles - Downtown
$4,900,000
245 days on market
Updated 2 days ago

2415 E Washington Blvd

Details
APN 5168-009-011
Property Type Industrial, Land
Sub Type Industrial, Warehouse
Square Footage 23,686
Cap Rate 5.60%
NOI $276,000
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 02/12/2030
Remaining Term 1
Lease Options Three 1-Year Options at 2.5% Annual Increase Each
Price per SqFt $207
Acreage 0.540
Zoning LAM3
Rent Commencement 02/13/2025

Industrial | 5.60% CAP | 23,686 SqFt

Marketing description

Lee & Associates - Downtown Los Angeles is pleased to present the exclusive opportunity to acquire a single tenant net-leased investment occupied by A&A Ready Mixed Concrete, Inc. located at the intersection of Washington and Santa Fe.

This critically located site, with the heaviest LA City zoning available, represents a rare chance to own a stable, completely net leased investment in the heart of Los Angeles.

Located at a high-visibility corner in the Central LA industrial market, 2415 E Washington Blvd offers ±23,686 SF (±0.54 acres) of fenced and paved land, currently under a net lease with over 4.5 years remaining. The tenant is a well-established company with over 75+ years of operating history. The offering is a stable investment opportunity in a prime location with close proximity to the Arts District, Downtown LA, and major transit corridors.

The property is subject to a long-term absolute NNN lease at $23,000 per month, with 2.5% annual increases. With no landlord maintenance obligations and built-in rental escalations, the lease structure provides predictable cash flow and protection against inflation. measured sf and assessor do not match. Measured is approx. 32,013sf. Call broker for commission information. Buyer to verify all including land square footage, zoning, permitted use, ADA compliance, parking access, encroachments and taxes. Buyer to obtain business license and confirm zoning and use.

Investment highlights

  • Net Leased Investment with over 4.5 Years Lease Remaining
  • Credit Tenant on New NNN Lease
  • Rare M3 Zoning on Extremely Popular Corner
  • Perfect Industrial Location
  • Tenant is Extremely Established in the Area

Listing Contacts

Lee & Associates - Los Angeles - Downtown
Listed by Lee & Associates - Los Angeles - Downtown

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$276,000.00
$23,000.00/mo

Valuation Metrics

0
DSCR
5.63%
Cap Rate
5.63%
ROI

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