4632 W Washington Blvd, Los Angeles, CA 90016, USA
$2,395,000
Detail
Updated on October 13, 2026 at 7:19 pm
Land Area: 4,630 sq ft
Property Size: 8,236 sq ft
Price: $2,395,000
Year Built: 1927
Description
Excellent opportunity to acquire a 100%-leased, rent-controlled commercial/residential investment generating $143,600.56 in actual net annual income and offering an actual 6.0% cap rate. The two-story, ±8,236-square-foot property features ±4,118 square feet of ground-floor retail space occupied by a tattoo parlor and flower shop, plus ±4,118 square feet of second-floor residential space comprising eight studio apartments. Each apartment includes a combined living and sleeping area, kitchen, and bathroom. Additional improvements include individual meters and a new main sewer line. Conveniently located six blocks east of La Brea Avenue and approximately one-quarter mile north of the Santa Monica (I-10) Freeway. Studio apartments average approximately $1,260 per month in the area.