2368-2378 W Washington Blvd
Industrial | 4.30% CAP | 15,552 SqFt
Marketing description
An extraordinary opportunity to acquire a multi-building industrial compound comprising three contiguous parcels totaling ±24,150 SF of land with ±15,552 SF of improvements along the coveted West Washington Boulevard corridor — the primary artery connecting Downtown Los Angeles to the Westside.
This rare assemblage features warehouse and industrial buildings with generous 12–20 ft ceiling heights, heavy 1,200 amp power, multiple access points and roll-up doors, and a large secured fenced parking lot. Public records indicate the original improvements date to the 1925s with subsequent additions and alterations between 1993 & 2003 . The second floor features three private offices, a conference room, and a restroom.
Ideally positioned for an owner-user, investor, or developer, this property offers exceptional versatility — from continued industrial/warehouse use to creative office conversion, ghost kitchen buildout, multi-tenant repositioning, or ground-up mixed-use redevelopment under the property's LAC1.5 zoning.
Located just minutes from Downtown LA, the I-10 Santa Monica Freeway, USC, and the Metro Expo Line, the property sits within a Designated Opportunity Zone, offering qualified investors significant tax advantages under the federal OZ program. The critical OZ 1.0 deferral deadline is December 31, 2026.
Investment highlights
- PRIME CORRIDOR LOCATION - West Washington Blvd between DTLA and West LA. Exceptional visibility, foot traffic, and logistical access to I-10 and Expo Line.
- MULTI-PARCEL ASSEMBLAGE - Rare 3-parcel contiguous site totaling ±24,150 SF of land with 4 addresses — a true value-add and repositioning play in Central Los Angeles.
- DESIGNATED OPPORTUNITY ZONE - One of 193 Los Angeles Opportunity Zones. Tax-free growth after 10-year hold. Critical Dec 31, 2026 OZ 1.0 deferral deadline.
- HEAVY INDUSTRIAL INFRASTRUCTURE - 1,200 amp power capacity, 12–20 ft ceiling heights, multiple access points, flexible bay configuration, ready for immediate industrial or creative use.
- BELOW-MARKET PRICING - Offered at $257/SF vs. Washington Corridor comps averaging $330–$395/SF. Immediate value-add upside on day one.
- DEVELOPMENT UPSIDE - LAC1.5 zoning permits mixed-use, multi-family, or affordable housing redevelopment (buyer to verify). Directly across from a new 64-unit residential development.
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