5990 1/2 W Pico Blvd - Storefront FOR SALE


Los Angeles, CA 90035- Mid-City
$6,000,000 USD
213-747-4151
5990 1/2 W Pico Blvd, Los Angeles, CA for Sale
$6,000,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

5990 1/2 W Pico Blvd
Los Angeles, CA 90035
Mid-City


HIGHLIGHTS

  • Prime West Pico Value Add Investment Opportunity
  • 9 Retail Stores: 7 Units Occupied and 2 Units Vacant
  • 5 Tenants Are Month-to-Month | Under Market Rents
  • Heavy Traffic Corner With Fantastic Exposure

OVERVIEW

Prime value add or repositioning investment opportunity! 9 retail stores: 7 units occupied and 2 units vacant. Pro forma $160,019 annual NOI. All tenants are month-to-month tenancy except 2 stores. Heavy traffic location at the SE corner of Pico Blvd and Stearns Dr: 41,263 vehicles per day. Includes rear parking lot for 10+ vehicles off the alley. Prime area between Fairfax Ave and La Cienega Blvd. One mile north of the Santa Monica (I-10) Freeway. Billboard pays $390 per month (no lease). Water bill is $700± per month and electric bill is $200± per month (CAM charges). Oil rights not included in the sale. Call broker for rent roll and financial information.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$729 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value Add Commercial Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,539 SF

ZONING

LA C4-1-O

APN/PARCEL ID

5068-012-001

ASK ABOUT THIS PROPERTY

Jeff LusterMajor PropertiesMore Info
213-747-4151

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Jeff LusterMajor PropertiesMore Info
213-747-4151

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