10680 W Pico Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
10680 W Pico Blvd
35,000 SF 87% Leased Office Building Los Angeles, CA 90064 For Sale
Investment Highlights
- Core location in a core West Los Angeles market, adjacent to the future LA Life Science Hub, the UCLA Research Park, and 1 mile from Century City
- Month-to-month office tenancy offers in-place cash flow with an immediate path to vacate and renovate or repurpose the Building
- Transit-oriented (TOC Tier 3) zoning with density bonuses and tax incentives increase the allowable density on the adjacent vacant land
- High-image mixed-use office and retail building at the corner of Pico and Overland, one of Los Angeles’ primary intersections
- Strong retail anchor tenant with Citibank
- $1 million of capital recently invested into building systems
Executive Summary
CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Pico + Overland, a 35,000-square-foot, four-story building with an adjoining 0.6-acre development site, adjacent to the future UCLA Research Park, which will transform West Los Angeles into a nexus and hub for discovery and innovation.
Pico + Overland is located at 10680 W Pico Boulevard and 10643 & 10651 Ayres Avenue in West Los Angeles, and is 94% leased with 66% of the rent roll on month-to-month agreements, and the remaining 33% in contractual lease agreements. This opportunity provides an immediate path to either occupy all or a portion of the month-to-month spaces or, while collecting stable in-place cash flow, develop a renovation plan to re-capture the 22.5% below-market in-place office rents or re-purpose the building.
The Property includes 0.6 acres of vacant land, currently used as surface parking. The land’s zoning with Transit Oriented Community (TOC) Tier 3 designation allows approximately 69 residential units to be developed on the adjacent, vacant land with up to 130 residential units across the entire Property.
The Property is being offered on a fee simple basis, free and clear of any existing debt.
Pico + Overland is located at 10680 W Pico Boulevard and 10643 & 10651 Ayres Avenue in West Los Angeles, and is 94% leased with 66% of the rent roll on month-to-month agreements, and the remaining 33% in contractual lease agreements. This opportunity provides an immediate path to either occupy all or a portion of the month-to-month spaces or, while collecting stable in-place cash flow, develop a renovation plan to re-capture the 22.5% below-market in-place office rents or re-purpose the building.
The Property includes 0.6 acres of vacant land, currently used as surface parking. The land’s zoning with Transit Oriented Community (TOC) Tier 3 designation allows approximately 69 residential units to be developed on the adjacent, vacant land with up to 130 residential units across the entire Property.
The Property is being offered on a fee simple basis, free and clear of any existing debt.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
35,000 SF
Building Class
C
Year Built
1964
Percent Leased
87%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
8,750 SF
Building FAR
0.98
Lot Size
0.82 AC
Zoning
C2-1VL-O-POD & RD2-1 - Commercial
Parking
3.5 Spaces per 1,000 SF Leased
Amenities
- Banking
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Fl-Ste 250
- 670 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 270
- 500 SF
- Office
- Partial Build-Out
- Now
- 3rd Fl-Ste 315
- 726 SF
- Office
- Partial Build-Out
- Now
- 3rd Fl-Ste 325
- 690 SF
- Office
- Partial Build-Out
- Now
- 4th Fl-Ste 400
- 380 SF
- Office
- Partial Build-Out
- Now
- 4th Fl-Ste 400
- 380 SF
- Office
- Partial Build-Out
- Now
- 4th Fl-Ste 405
- 500 SF
- Office
- Partial Build-Out
- Now
- 4th Fl-Ste 480
- 735 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 250 | 670 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 270 | 500 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 315 | 726 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 325 | 690 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 400 | 380 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 400 | 380 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 405 | 500 SF | Office | Partial Build-Out | Now |
| 4th Fl-Ste 480 | 735 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 250
| Size |
| 670 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 270
| Size |
| 500 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 315
| Size |
| 726 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 325
| Size |
| 690 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 380 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 380 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 405
| Size |
| 500 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
4th Fl-Ste 480
| Size |
| 735 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 1
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £2,809,440 | |
| Land Assessment | £3,267,563 | Total Assessment | £6,077,003 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£3,267,563
Improvements Assessment
£2,809,440
Total Assessment
£6,077,003
Contacts
-
Michael Longo -
Todd Tydlaska -
Sean Sullivan -
Grant Goldman -
Kamran Paydar -
Kadie Presley Wilson -
Laurie Lustig-Bower -
CBRE
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
10680 W Pico Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.