3617 exposition blvd
LOS ANGELES, CA 90018
PRICE
$7,900,000
BUILDING SIZE
13,661 SF
CAP RATE
3.22%
PRICE/SF
(BLDG)
$578
LOT SIZE
17,557 SF
PRICE/SF
(LAND)
$450
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 3617 Exposition Boulevard, a 13,661 square foot flex/creative office property situated on 0.40 acres of land (17,557 SF) one parcel west of the NW intersection of Exposition Boulevard & Crenshaw Boulevard in the West Adams submarket of Los Angeles, CA. Seller financing is available at a favorable rate and terms. Please contact the listing agent to discuss.
3617 Exposition Boulevard is ideally positioned for an owner-user or value-add buyer looking for a flex/creative office building in West Adams. The property is currently 100% occupied by an architectural firm with a lease expiring 8/31/2024 and no remaining options to extend. The property is divided into two (2) units permitting an owner-user buyer the flexibility to occupy a portion or all the property or a value-add investor the opportunity to re-tenant the space with a market-rate tenant.
The property is uniquely suited for a variety of uses. The site is wholly enclosed by a perimeter fence providing a secure compound feel and is equipped with two ground level roll up doors, currently offering access to outdoor side patios on the east and west portions of the property. Although the property is zoned C2, it has a variance to allow for light manufacturing uses. Property is situated where the Downtown/Santa Monica Blue (E) line meets the Crenshaw/LAX Pink (K) line and is 80 feet from the Blue line station and 350 feet from the Pink line station.
Less than 1.0 mile to the Baldwin Hills Crenshaw Shopping Mall, a more than 1 million square foot center occupied by Cinemax and TJ Maxx, among others, with proximity to SOFI Stadium, Kia Forum, and Intuit Dome entertainment and sports centers to the South, the University of Southern California to the east, and L.A. Live and Convention Center to the northeast.