124 Washington Blvd
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124 Washington Blvd
5,281 SF Office Building Marina Del Rey, CA 90292 £4,317,450 (£818/SF) 5.68% Net Initial Yield
Executive Summary
Address: 124 Washington Blvd. plus 115 Anchorage St. Marina Del Rey, CA 90292
Total Area: 5,281 sq. ft.
Building Specifications:
Stories: 3
Elevator: Yes
Bathrooms: 3
Parking: 16 plus spaces (20 spaces when parked tandem)
On-site: The building is situated on a 4,635 sq. ft. lot.
Additional Parking: Includes a separate 2,794 sq. ft. parking lot located across the alley at 115 Anchorage St., offering 16+ parking spaces.
This modern, three-story commercial office building spans over 5,281 square feet and is equipped with an elevator for easy access across all floors. The property features three well-maintained bathrooms to accommodate staff and visitors.
This property is located on next to the Grand Canal, and just blocks to the Venice Pier. A bonus is the ample parking provided. The purchase price includes a separate parking lot across the alley at 115 Anchorage St., with more than 16 parking spaces, ensuring convenience for both employees and clients. This additional lot measures 2,794 square feet and is included in the purchase price.
Ideal for businesses looking for a spacious, well-located office with extensive parking facilities, this property offers a rare combination of office space and parking availability, making it an exceptional investment opportunity. Subject to existing lease.
Total Area: 5,281 sq. ft.
Building Specifications:
Stories: 3
Elevator: Yes
Bathrooms: 3
Parking: 16 plus spaces (20 spaces when parked tandem)
On-site: The building is situated on a 4,635 sq. ft. lot.
Additional Parking: Includes a separate 2,794 sq. ft. parking lot located across the alley at 115 Anchorage St., offering 16+ parking spaces.
This modern, three-story commercial office building spans over 5,281 square feet and is equipped with an elevator for easy access across all floors. The property features three well-maintained bathrooms to accommodate staff and visitors.
This property is located on next to the Grand Canal, and just blocks to the Venice Pier. A bonus is the ample parking provided. The purchase price includes a separate parking lot across the alley at 115 Anchorage St., with more than 16 parking spaces, ensuring convenience for both employees and clients. This additional lot measures 2,794 square feet and is included in the purchase price.
Ideal for businesses looking for a spacious, well-located office with extensive parking facilities, this property offers a rare combination of office space and parking availability, making it an exceptional investment opportunity. Subject to existing lease.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Office
Property Subtype
Building Size
5,281 SF
Building Class
C
Year Built
1992
Price
£4,317,450
Price Per SF
£818
Net Initial Yield
5.68%
NOI
£245,361
Tenancy
Single
Number of Floors
3
Typical Floor Size
1,760 SF
Building FAR
0.71
Land Acres
0.17 AC
Zoning
RD1.5, C2 - RD1.5 (Residential Duplex/Two Unit Zone)
C2 (Commercial Zone)
For more detailed and specific information, please consult the Los Angeles County.
Parking
16 Spaces (3.03 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
- Balcony
1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £584,648 | |
| Land Assessment | £2,491,229 | Total Assessment | £3,075,877 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£2,491,229
Improvements Assessment
£584,648
Total Assessment
£3,075,877
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124 Washington Blvd
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