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34370742
34370741

3 Locations For Sale

Keller Williams Covina
Listed by Keller Williams Covina
$3,995,900
5 days on market
Updated 3 days ago

2368-2378 W Washington Blvd

Details
APN 5073-028-008, 5073-028-007, 5073-028-006
Property Type Industrial, Mixed Use (+1)
Sub Type Warehouse, Distribution (+1)
Square Footage 15,552
Net Rentable (SqFt) 15,552
Units 3
Cap Rate 4.30%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 6.16%
Pro-Forma NOI $246,223
Price per SqFt $257
Class B
Year Built 1925
Year Renovated 1993, 2003
Buildings 1
Stories 2
Acreage 0.554
Zoning LAC1.5
Parking Spaces 45 spaces
Parking per 1,000 SqFt 2.89
Investment Type Value Add
Ground Lease No
Ceiling Height 20
Sale Condition N/A

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.

Listing Contacts

Keller Williams Covina
Listed by Keller Williams Covina

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Additional Information

Name
Erik Messinger
License
01006531
Brokerage
Keller Williams Realty
Brokerage Phone
(714) 584-2700
Title
Broker of Record
Brokerage Address
19631 Yorba Linda Blvd, Yorba Linda CA 92886
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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