5208 W Pico Blvd - Office FOR SALE


Los Angeles, CA 90019- Mid-City
$2,250,000 USD
818-212-2667
5208 W Pico Blvd, Los Angeles, CA for Sale
$2,250,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

5208 W Pico Blvd
Los Angeles, CA 90019
Mid-City


HIGHLIGHTS

  • Month-to-month leases allow for owner-use or redevelopment. LA C4-1 zoning supports 16 units by right or 24 with TOC incentives.
  • Surrounded by multiple large-scale residential and mixed-use projects, enhancing area vibrancy and demand.
  • Near The Grove, Miracle Mile museums, and Mid-Wilshire, with easy access to I-10, I-405, and public transit
  • $162K average household income, strong employment base, and proximity to major employers.
  • Located on a well-trafficked corridor, with national retailers and ongoing neighborhood revitalization.
  • With a Walk Score of 91, the property is highly accessible to surrounding neighborhood amenities.

OVERVIEW

Floyd Shaheen of Floyd Group at Marcus & Millichap is please to present exclusively for sale 5208 W Pico Blvd in Los Angeles, CA. This property offers a unique investment opportunity. The building encompasses 3,146 square feet and sits on a 6,183-square-foot lot. Constructed in 1957, it features 11 creative office units complemented by two communal bathrooms. The current parking configuration accommodates nine vehicles. All existing leases are on a month-to-month basis, providing flexibility for potential owner-users or investors considering redevelopment. The zoning designation is LA C4-1, allowing for a Floor Area Ratio (FAR) of 3:1. This permits the development of 16 residential units by right or up to 24 units utilizing Transit Oriented Communities (TOC) Tier 1 incentives. Additionally, the site is eligible for ED-1 incentives, further enhancing its development potential. Retail in the area is characterized by small shopping centers, standalone storefronts, and mixed-use developments with ground-floor retail. Businesses include a mix of local boutiques, coffee shops, fitness studios, specialty grocery stores, and fast-casual dining options, alongside national chains like Target, Sprouts, CVS, and Starbucks. The nearby Grove, Beverly Center, and Westfield Century City shopping centers further enhance retail appeal, drawing significant foot traffic and serving as major retail anchors for the region. Employment in 90019 is supported by small business owners, retail workers, healthcare professionals, and creative industry employees, with nearby employment hubs including Miracle Mile, Beverly Hills, West Hollywood, and Culver City. The presence of LACMA, the Petersen Automotive Museum, and media and entertainment firms in the area also contributes to commercial real estate demand. As a result, there is a steady need for office space, co-working spaces, and flex-use properties that cater to entrepreneurs and remote workers.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$715 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creative Flex Space | Future Development

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,360 SF

ZONING

LAC4

APN/PARCEL ID

5070-012-005

ASK ABOUT THIS PROPERTY

Floyd ShaheenFloyd GroupMore Info
818-212-2667

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Floyd ShaheenFloyd GroupMore Info
818-212-2667

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