Darin Spillman at Kidder Mathews is pleased to present for sale 1856-1858 W. Washington Blvd., a mixed-use retail/residential/warehouse asset in the West Adams/Pico-Union submarket of central Los Angeles.
The property is comprised of two units: a two-story mixed-use unit with ground floor retail and a spacious 3 bed, 1 bath apartment upstairs, leased to a florist; and a single story retail/warehouse tenant leasing the space as a rehearsal space / music studio. Both units are approximately 2,340 square feet each, not including additional unpermitted space utilized by the warehouse tenant (Buyer to verify).
The single story unit benefits from 11-14 foot clearance in a generous open warehouse design, with several skylights, a small kitchen and two 1/2 bathrooms and one 3/4 bathroom.
The property is ideally suited for an owner-user buyer, who can obtain an SBA loan with as little as 10% down payment, provided they occupy at least 51% of the building’s commercial space.