777 Pico Blvd - Retail FOR SALE


Los Angeles, CA 90021- Fashion District
$1,250,000 USD
213-623-0800
777 Pico Blvd, Los Angeles, CA for Sale
$1,250,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

777 Pico Blvd
Los Angeles, CA 90021
Fashion District


HIGHLIGHTS

  • Total Usable Finished Space: 8,280 SF
  • 1st Floor Retail/Warehouse: 4,880 SF
  • Bonus Finished Mezzanine (unpermitted): 3,400 SF
  • Large Front Glass Doors & Windows
  • Gate-Secured Flex Building W/Full Building HVAC
  • Live-Work Use Permissible by Right

OVERVIEW

777 East Pico Blvd is a +/-4,880 SF commercial building with a 24’ ceiling with a mezzanine consisting of an additional +/-3,400 SF that was built to code but not recorded. Total usable finished space is +/-8,280 SF. The property was initially designed to accommodate 3 separate units with 3 electrical meters, 3 restrooms, 3 HVAC units, 3 rear loading doors and 3 shop front doors. The concrete block construction building is ideally situated in the Fashion District. Located between San Pedro St and Stanford Ave, just blocks from the San Pedro Wholesale Mart. 777 E Pico Blvd is a few blocks north of the Santa Monica (I-10) Fwy. Further, due to the recent change in zoning, the building is now eligible for mixed use – including live-work – without requiring a conditional use permit. In addition to the potential for live-work conversion, the potential to convert the building into three retail stores should be attractive to both investors and owner-users, especially for those that can qualify for an SBA loan.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Lender Owned Retail/Warehouse Building

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

[LB1-WH1-5] [IX2-FA]

APN/PARCEL ID

5132-012-023

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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