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124 Washington Blvd 5,281 SF Office Building Marina Del Rey, CA 90292 $7,511,130 CAD ($1,422.29 CAD/SF) 5.68% Cap Rate
Investment Highlights
- Three-story office building with elevator and three bathrooms.
- Located near the Grand Canal and within walking distance of Venice Pier.
- Offered at $5,500,000 with a 5.68% cap rate and NOI of $312,566.
- Includes additional parking lot at 115 Anchorage Street with 16+ spaces.
- Zoned RD1.5 and C2, offering flexibility for office or mixed-use.
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
B
Year Built
1992
Price
$7,511,130 CAD
Price Per SF
$1,422.29 CAD
Cap Rate
5.68%
NOI
$426,859 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,760 SF
Building FAR
0.71
Lot Size
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 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 4225-002-014 | Improvements Assessment | $1,034,728 CAD |
| Land Assessment | $3,019,397 CAD | Total Assessment | $4,054,126 CAD |
Property Taxes
Parcel Number
4225-002-014
Land Assessment
$3,019,397 CAD
Improvements Assessment
$1,034,728 CAD
Total Assessment
$4,054,126 CAD
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124 Washington Blvd
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