2360 W Washington Blvd, Los Angeles, CA 90018

Property Overview

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2360 W Washington Blvd is a well-positioned 20-unit mixed-use property located in Arlington Heights, a dynamic and evolving neighborhood in Los Angeles. Built in 1929, this 11,260-square-foot building sits on a 7,492-square-foot lot and features a diverse unit mix comprising 14 studio apartments, 2 one-bedroom units, 1 bachelor unit, and 3 commercial storefronts. The property is zoned LAC2, offering flexibility for both residential and retail tenants, making it an attractive opportunity for investors seeking stable cash flow and long-term upside.

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With under-market rents and value-add potential, 2360 W Washington Blvd presents an immediate path for increased income through strategic lease adjustments and improved management. Its prime location, strong transit access, and mix of residential and commercial units make it an ideal investment in the competitive Los Angeles market.

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Key Property Details

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• Location: 2360 W Washington Blvd, Los Angeles, CA 90018
• Lot Size: 7,492 square feet
• Total Living Area: 11,260 square feet
• Units: 20 (14 studios, 2 one-bedroom units, 1 bachelor unit, 3 commercial spaces)‍
• Construction: Vintage architecture with reinforced foundation‍
• Year Built: 1929‍
• Zoning: LAC2 (allowing for mixed-use residential and retail opportunities)

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Investment Highlights

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2360 W Washington Blvd offers investors a high-performing asset with both immediate cash flow and future appreciation potential. Currently delivering a 7.25% cap rate, the property has the potential to reach 9.30% by optimizing rents to market levels. The unit mix provides a strong income stream, balancing residential stability with retail leasing upside.

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The ground-floor commercial spaces benefit from excellent visibility along a major Los Angeles corridor, attracting businesses and ensuring long-term tenant demand. Two of the three retail tenants are currently on month-to-month leases, providing an opportunity to negotiate new agreements at market rates.

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With a diverse tenant base, strategic location, and scalable income potential, this property stands out as a prime investment opportunity.

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Neighborhood and Accessibility

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Arlington Heights is a historic yet rapidly transforming neighborhood known for its blend of cultural landmarks, entertainment venues, and proximity to major employment centers. The property is surrounded by a vibrant mix of retail, restaurants, and transit options, making it a sought-after rental location for both residential and commercial tenants.

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Public transportation is easily accessible, with a major bus stop less than 50 yards away, ensuring seamless connectivity to Downtown Los Angeles and surrounding neighborhoods. Additionally, proximity to the 10 and 110 freeways makes commuting convenient for residents and business owners alike.

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Market Trends and Financial Potential

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The Arlington Heights rental market remains strong, with increasing demand for both housing and retail space. Current rents at 2360 W Washington Blvd are 26% below market rates, providing a clear path for revenue growth. By adjusting lease structures and implementing value-add strategies, investors can increase net operating income (NOI) from $234,391 to $325,558, achieving a pro forma cap rate of 9.30%.

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With a competitive price per square foot and limited supply of comparable properties, this investment offers both strong cash flow and long-term appreciation potential in a high-demand Los Angeles submarket.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl