2663-2667 W Pico Blvd - Storefront FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,888,888 USD
818-584-4344
2663-2667 W Pico Blvd, Los Angeles, CA for Sale
$1,888,888 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

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2663-2667 W Pico Blvd
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Value Add Pico/Union Commercial Purchase Opportunity
  • 2 Buildings with 4 Tenants: Current $61,400 Gross Annual Income
  • Heavy Traffic Location!
  • Designated Qualified Opportunity Zone: Tax Benefits

OVERVIEW

The property consists of two buildings, with a small parking area. Currently occupied by 4 tenants with an annual gross income of $61,400. Value add opportunity! Great Pico/Union commercial location with very heavy vehicle traffic (22,726 vehicles per day). Just minutes west of Downtown Los Angeles, the LA Convention Center, LA LIVE and Crypto.com Arena. The area has good demographics. Located in a Designated Qualified Opportunity Zone, which offers tax benefits. Potential for future development. Western Avenue is situated 3/4-mile to the west, and Hoover Street is 3/4-mile to the east, and the Santa Monica (I-10) Freeway is 3/4-mile to the south. Easy access to Downtown Los Angeles, Koreatown, and USC.

FOR SALE DETAILS

PRICE

$1,888,888 USD

PRICE/SF

$478 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value Add Pico/Union Commercial Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,149 SF

ZONING

LAC2-1

APN/PARCEL ID

5078-032-014

ASK ABOUT THIS PROPERTY

Sam LusterMajor PropertiesMore Info
818-584-4344

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Sam LusterMajor PropertiesMore Info
818-584-4344

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.