Value Add Commercial Purchase Opportunity
Retail | 3,540 SF Building on 10,669 SF Land
Marketing description
Major Properties is pleased to present 5024-5030 W Washington Blvd, a rare value-add commercial and redevelopment opportunity located in the highly desirable Mid-City Los Angeles submarket.
The property consists of approximately ±3,540 SF of retail/auto shop improvements situated on a ±10,669 SF parcel with flexible LAC2 zoning and Opportunity Zone designation. Built in 1939, the property benefits from strong frontage along Washington Boulevard, excellent visibility, and proximity to La Brea Avenue, Culver City, and the 10 Freeway.
The site offers investors, owner-users, and developers a unique opportunity to reposition, redevelop, or continue operating the existing retail/automotive use in one of Los Angeles' strongest urban infill corridors.
The property's favorable zoning allows for a wide range of commercial and mixed-use development possibilities, making it well-positioned for long-term appreciation and adaptive reuse potential.
Investment highlights
• Value add commercial property
• Retail, auto/service related uses, etc.
• ±3,540 SF building on ±10,669 SF of land
• 12 parking spaces
• Zoned LAC2-1VL-CPIO
• APN 5062-004-011
• Future mixed-use redevelopment opportunity
• Current $78,000 gross annual income
Note: Available for purchase with adjacent 21-unit apartment building for total of $4,350,000.
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