213-629-7379
12211 W Washington Blvd, Los Angeles, CA for Sale
Office - FOR SALE
1/10
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12211 W Washington Blvd
Los Angeles, CA 90066
Culver-West


HIGHLIGHTS

  • PRIME WESTSIDE LOCATION WITH EXCEPTIONAL DEMOGRAPHICS
  • DYNAMIC AND WALKABLE LOCATION
  • CULVER CITY VS. LOS ANGELES TRANSFER TAX ADVANTAGE
  • ABOVE-MARKET PARKING RATIO
  • EXCEPTIONAL 1031 EXCHANGE OPPORTUNITY
  • OWNER/USER WITH INCOME

OVERVIEW

Cushman & Wakefield U.S, Inc., as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 12211 W Washington Blvd - an exceptional investment opportunity in Culver City. RARE - SCALE AND PARKING ADVANTAGE Spanning ~25,000 square feet on a high-visibility corner site along the desirable Washington Boulevard corridor, this asset showcases rate scale in a supply-constrained submarket. With 75 secured surface parking spaces, the property offers a parking ratio in excess of 3:1, standing out from surrounding buildings in the parking constrained submarket. PROVEN MARKETABILITY AND IN PLACE CASH FLOW The building is currently configured into five individual suites, with footprints ranging from ±2,500 to nearly 10,000 square feet. The asset’s ground-floor frontage, corner location, and ample parking stalls provide excellent visibility and optionality for creative office or quasi-retail uses. Four of these five suites (76%) are currently leased, with multiple leases at the site having been executed in the post-pandemic environment, illustrating how the asset’s flexibility and desirable location have allowed it to thrive in a unprecedentedly challenged office market. The combination of ground-floor vacancy and in-place cash flow enables investors to pursue a business plan focused on converting vacancy into a quasi-retail use, activating the street, and laying the foundation for a flexible mark-to-market strategy. BUILT IN FLEXIBILITY WITH OWNER-USER UPSIDE Over 15,000 SF of the building (~62%) is currently available, offering investors immediate flexibility to implement a strategic business plan. For owner-users, this increased availability opens the opportunity to pursue SBA financing on the building while concurrently benefiting from income generated by the in-place leases. CULVER CITY TAX ADVANTAGES The property’s Culver City address provides meaningful financial advantages, including exemption from Los Angeles’ Measure ULA transfer tax and substantially lower gross receipts and business tax rates compared to the City of Los Angeles, reducing operating costs and improving long-term yield for investors. EXCEPTIONAL DEMOGRAPHICS AMONG COVETED NEIGHBORHOODS The location is surrounded by some of West Los Angeles’s most desirable neighborhoods, such as Culver City, Mar Vista, and Venice, with more than three million people living within a twelve mile radius of the site and fifty-eight percent of these households earning over six figures annually. As a result, the building is proximate to an active mix of dining, fitness, and lifestyle amenities, with tenants and visitors able to enjoy dinner at Hatchet Hall, socializing across the street at The Alibi Room, tacos at Pacos Tacos, or a coffee at Menottis, all within a short walk. 12211 W Washington Blvd represents a rare opportunity to own a highly visible, well-located asset in one of West Los Angeles’ most dynamic corridors. With strong in-place income, additional value-add potential through repositioning and lease-up, and the potential for an owner-user to immediately occupy upwards of 50% of the building, the property provides unique flexibility for both income-focused investors and owner-users seeking expansion or a relocation opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Washington Grandview Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

CCC3*

APN/PARCEL ID

4232-010-027,4232-010-028,4232-010-029,4232-010-030,4232-013-039,4232-013-040

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Michael Condon Jr.Cushman & WakefieldMore Info
213-629-7379

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Michael Condon Jr.Cushman & WakefieldMore Info
213-629-7379

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.