754 WASHINGTON blvD | venice, CA 1 block from abbot kinney

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lessee information about this listing to prospective customers.

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NICOLE LU 吕尚育Cel: (310) 710-1018 Dir: (310) 909-2373

nicole.lu@marcusmillichap.com License: CA 02045957

LAURA ALICE SCATURROCel: (310) 482-0422 Dir: (310) 909-5472

laura.alice@marcusmillichap.comLicense: CA 01942167

INVESTMENT HIGHLIGHTS754 Washington Boulevard is a newly renovated loft space in the heart of Venice, near Marina del Rey and Silicon Beach (Venice Beach, Playa Vista, etc) and comprises approximately 1,140 SF on 2,500 square feet of land.

Prime Silicon Beach Location: Only 1 block from Abbot Kinney, 754 Washington is centrally located in the heart of bustling Silicon Beach (less than a mile from Venice Beach, the Venice Canals, Marina del Rey and Culver City).

Turnkey Asset: With 3 private secured parking spaces, the building is move-in ready with finishings executed to the utmost quality. This turnkey asset is impeccably finished and ready for immediate occupancy.

Top Quality Renovations: With CAT 6 wiring throughout, this commercial property boasts a custom server room as well as solar panels and Nest Smart Home. The renovations include brand new windows, copper plumbing, insulation, HVAC, drywall and all brand new appliances.

Retail Corridor: With a dense population of 486,000 residents in a 5-mile radius and a high median income of $114,000 in a 1-mile radius, the subject property is located near a dense corridor of retail and employment anchors including the only Costco and Costco Gasoline in a 9-mile radius (the nearest Costco is in Inglewood). Other nearby retailers include In-N-Out Burger, Starbucks, Walgreens, Chick-fil-A, Dunkin Donuts, and Equinox Fitness, among others.

Major Employment Hub: Silicon Beach is home to 500+ tech, media and entertainment firms, including SpaceX (Tesla), Snap Inc, Google, YouTube, Facebook, SalesForce, Entertainment Arts (EA), Riot Games, Ring (Amazon), Hulu, Buzzfeed, Microsoft, Yahoo, AOL, Bitium, The Honest Company, LegalZoom, and Gehry Partners

754 & 754½ Washington BlvdVenice, CA 90292

Offer Price $1,699,000

Price Per SF $1,490.35

Building Size + 1,140 SF

Lot Size + 2,500 SF0.06 AC

Year Built/Renovated

1953/2019

Zoning LAC2

APN 4229-016-017

Number of Units 2

Bathrooms 2 full bathrooms

Garage Private garage viaalley access

Parking 2 interior + 1 exterior

Features

•Server room•CAT 6 wiring throughout•Nest Smart Home

•Solar panels •New windows •New copper •New appliances plumbing •New insulation, HVAC, drywall

FLOOR PLAN

*not drawn to scale

PRIVATE SECURED WALKWAYBETWEEN

WASHINGTON BLVD &

GARAGE/REAR OF BUILDING

KITCHEN

ALLE

Y

GARAGE

754

WAS

HING

TON

BLVD

754½ WASHINGTON BLVD

754 and 754½ WASHINGTON BOULEVARD

LOCATION 754 WASHINGTON BOULEVARD

LOS ANGELES Los Angeles, officially the City of Los Angeles and often known by its initials L.A., is the cultural, financial, and commercial center of Southern California. With a census estimated 2015 population of 3,971,883, it is the secondmost populous city in the United States (after New York City) and the most populous city in California. Located in a large coastal basin surrounded on three sides by mountains reaching up to and over 10,000 feet, Los Angeles covers an area of about 469 square miles. The city is the focal point of the larger Los Angeles metropolitan area and the Greater Los Angeles Area region, which contain 13 million and over 18 million people, respectively. Los Angeles is also the seat of Los Angeles County, the most populated county in the

United States. Nicknamed the “City of Angels,” Los Angeles is known for its Mediterranean climate, ethnic diversity, and sprawling metropolis. The city is also famous as the home of Hollywood, a major center of the American entertainment industry, and one of the leaders in the world in the creation of motion pictures, recorded music, and television productions. Los Angeles also has a diverse economy in culture, media, fashion, science, sports, technology, education, medicine, and research. A global city, it has been ranked 6th in the Global Cities Index and 9th in the Global Economic Power Index. The city is home to renowned institutions covering a broad range of professional and cultural fields, and is one of the most substantial economic engines within the United States.

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7 5 4W A S H I N G T O N

B L V D

PR ICE CLOSING DATE

754 WASHINGTON BLVD | L O S A N G e L e S , CA 90292 $1,699,000 --

1 2318 L INCOLN BLVD | V e N I C e , CA 90291 $4,900,000 2/22/2019

2 2324 ABBOT KINNeY BLVD | V e N I C e , CA 90291 $3,015,000 6/25/2019

3 2905 STANFORD AVe | L O S A N G e L e S , CA 90292 $3,276,000 12/27/2018

4 1430 ABBOT KINNeY BLVD | V e N I C e , CA 90291 $5,500,000 10/18/2019

5 300-314 WeSTMINSTeR AVe | V e N I C e , CA 90291 $6,300,000 8/30/2019

6 412-414 L INCOLN BLVD | V e N I C e , CA 90291 $5,000,000 1/22/2019

7 410 L INCOLN BLVD | V e N I C e , CA 90291 $5,000,000 1/22/2019

8 2914 MAIN ST | S A N TA M O N I C A , CA 90405 $2,135,000 8/21/2019

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SALES COMPARABLES 754 WASHINGTON BOULEVARD

2 3 1 8 L I n c o l n b l v dv e n i c e , C A 9 0 2 9 1

Sale Price $4,900,000

Sale Date February 22, 2019

Zoning LAC2

Price Per SF $1,186.44

Building Size 4,130 SF

Land Size 0.29 AC

Year Built 1977

7 5 4 W A S H I N G T O N B L V Dv e n i c e , C A 9 0 2 9 2

Offering Price $1,699,000

Price Per SF $1,490.35

Building Size + 1,140 SF

Land Size + 2,500 SF (0.06 AC)

Zoning LAC2

APN 4229-016-017

Year Built 1953/2019

2 3 2 4 A B B O T K I N N E Y B L V DV e n i c e , C A 9 0 2 9 1

Sale Price $3,015,000

Sale Date June 25, 2019

Zoning LAM1

Price Per SF $1,573.59

Building Size 1,916 SF

Land Size 0.08 AC

Year Built 1949

SALES COMPARABLES

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754 WASHINGTON BOULEVARD

2 9 0 5 s t a n f o r d a v el o s a n g e l e s , C A 9 0 2 9 2

1 4 3 0 a b b o t k i n n e y B L V DV e n i c e , C A 9 0 2 9 1

3 0 0 - 3 1 4 W E S T M I N S T E R A V EV E N I C E , C A 9 0 2 9 1

Sale Price $3,276,000

Sale Date December 27, 2018

Zoning LAC2

Price Per SF $735.52

Building Size 4,454 SF

Land Size 0.08 AC

Year Built 1953

Sale Price $5,500,000

Sale Date October 18, 2019

Zoning LAC2

Price Per SF $1,827.24

Building Size 3,010 SF

Land Size 0.06 AC

Year Built 2004

Sale Price $6,300,000

Sale Date August 30, 2019

Zoning LAC2

Price Per SF $1,544.12

Building Size 4,080 SF

Land Size 0.18 AC

Year Built 1926

SALES COMPARABLES

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754 WASHINGTON BOULEVARD

4 1 2 - 4 1 4 L I N C O L N B L V DV e n i c e , C A 9 0 2 9 1

4 1 0 L I N C O L N B L V DV E N I C E , C A 9 0 2 9 1

2 9 1 4 m a i n s ts a n t a m o n i c a , C A 9 0 4 0 5

Sale Price $5,000,000

Sale Date January 22, 2019

Zoning LAC2

Price Per SF $1,666.67

Building Size 3,000 SF

Land Size 0.09 AC

Year Built 1947

Sale Price $5,000,000

Sale Date January 22, 2019

Zoning LAC2

Price Per SF $2,439.02

Building Size 2,050 SF

Land Size 0.05 AC

Year Built 1950

Sale Price $2,135,000

Sale Date August 21, 2019

Zoning SM C4

Price Per SF $1,400.00

Building Size 1,525 SF

Land Size 0.05 AC

Year Built 1927

SALES COMPARABLES

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754 WASHINGTON BOULEVARD

7 3 6 W A S H I N G T O N B L V Dl o s a n g e l e s , C A 9 0 2 9 2

7 4 0 w a s h i n g t o n B L V Dl o s a n g e l e s , C A 9 0 2 9 2

3 1 0 1 W A S H I N G T O N B L V Dl o s a n g e l e s , C A 9 0 2 9 2

Price $1,599,000

Price/SF $1,332.50

Zoning LAC2

Year Built 1953

Building Size 1,200 SF

Land Size 0.06 AC

Price $1,495,000

Price/SF $1,311.40

Zoning LAC2

Year Built 1953

Building Size 1,140 SF

Land Size 0.06 AC

Price $4,100,000

Price/SF $1,264.26

Zoning LAC2

Year Built 1984

Building Size 3,243 SF

Land Size 0.08 AC

ON MARKET COMPARABLES

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754 WASHINGTON BOULEVARD

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NICOLE LU 吕尚育Cel: (310) 710-1018 Dir: (310) 909-2373

nicole.lu@marcusmillichap.com License: CA 02045957

LAURA ALICE SCATURROCel: (310) 482-0422 Dir: (310) 909-5472

laura.alice@marcusmillichap.comLicense: CA 01942167

754 WASHINGTON blvD | venice, CA 1 block from abbot kinney