777 Pico Blvd - Retail FOR SALE


Los Angeles, CA 90021- Fashion District
$1,800,000 USD
213-623-0800
777 Pico Blvd, Los Angeles, CA for Sale
$1,800,000 USD
Retail - FOR SALE
1/5

NEW


777 Pico Blvd
Los Angeles, CA 90021
Fashion District


HIGHLIGHTS

  • 1st Floor Retail/Warehouse + 2nd Floor Office
  • Gate-Secured Flex Building
  • Large Front Glass Doors & Windows
  • Ground Level Loading via Alley
  • 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 +/-3,400 SF that was built to code but not recorded. The property was initially designed to accommodate three separate units with three electrical meters, three restrooms, three HVAC units, three rear loading doors and three shop front doors. The 2016 concrete block construction building is ideally situated in the Fashion District, central to the Arts District, Warehouse District, Flower District, Historic Core as well as South Park. Located between San Pedro Street and Stanford Avenue, just blocks from the San Pedro Wholesale Mart and LA Face Mart, 777 E Pico Blvd is only a few blocks north of the Santa Monica (I-10) Freeway in a Designated Qualified Opportunity Zone. 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.

FOR SALE DETAILS

PRICE

$1,800,000 USD

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

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

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

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