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6.7% Cap Multi-Tenant Commercial Property 2523-2525 W Washington Blvd 13,300 SF 68% Leased Retail Building Los Angeles, CA 90018 $4,767,700 CAD ($358.47 CAD/SF)
Investment Highlights
- Price Reduced! Well-Maintained 7-Unit Commercial Property
- New Electrical, Windows, Doors and Roof
- Ideal for Owner/User or Investor
- 100% Occupied: $234,630 Annual NOI — 6.7% Cap Rate
- Interior Driveway with Parking for 8 Vehicles
Executive Summary
Price reduced! Owner/user or investor purchase opportunity. Well-maintained 7-unit commercial property fully renovated in 2015. 7 occupied units: 100% leased. $297,120 actual gross annual income. $234,630 actual net annual income — 6.7% cap rate. Parking for 8± vehicles accessed from Washington Blvd through an interior driveway. All units individually metered. All units have HVAC except 103 and 106. New electrical, windows, doors, and roof. Great location just west of Arlington Avenue. One-half mile north of the Santa Monica (I-10) Freeway. Former 1920 Cadillac Dealership/Showroom.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$404,737
|
$30.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$404,737
|
$30.43
|
| Taxes |
$59,596
|
$4.48
|
| Operating Expenses |
$25,528
|
$1.92
|
| Total Expenses |
$85,124
|
$6.40
|
| Net Operating Income |
$319,613
|
$24.03
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $404,737 |
| Annual Per SF | $30.43 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $404,737 |
| Annual Per SF | $30.43 |
| Taxes (CAD) | |
|---|---|
| Annual | $59,596 |
| Annual Per SF | $4.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,528 |
| Annual Per SF | $1.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $85,124 |
| Annual Per SF | $6.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $319,613 |
| Annual Per SF | $24.03 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,300 SF
Building Class
C
Year Built/Renovated
1907/2016
Price
$4,767,700 CAD
Price Per SF
$358.47 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.12
Lot Size
0.27 AC
Zoning
C2-1VL-O-CPIO - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use
Parking
8 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
74’ on W Washington Blvd
Amenities
- Mezzanine
- Signage
- Skylights
- Tenant Controlled HVAC
- Air Conditioning
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5072-030-003 | Total Assessment | $2,822,510 CAD (2025) |
| Land Assessment | $2,145,958 CAD (2025) | Annual Taxes | $59,596 CAD ($4.48 CAD/SF) |
| Improvements Assessment | $676,552 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5072-030-003
Land Assessment
$2,145,958 CAD (2025)
Improvements Assessment
$676,552 CAD (2025)
Total Assessment
$2,822,510 CAD (2025)
Annual Taxes
$59,596 CAD ($4.48 CAD/SF)
Tax Year
2026
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6.7% Cap Multi-Tenant Commercial Property | 2523-2525 W Washington Blvd
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