2546, 2552-2554 W Pico Blvd 2546-2554 W Pico Blvd 13,050 SF 100% Leased Retail Building Los Angeles, CA 90006 £2,560,919 (£196.24/SF)
INVESTMENT HIGHLIGHTS
- SELLER FINANCING AVAILABLE WITH FLEXIBLE TERMS.
- Low rent with high upside potential - Tenants are on short term leases with rents that are significantly below market.
- Hard signalized Corner with high traffic counts.
- Owner/user or Multi-Family redevelopment opportunity - TOC-3 designation with ED-1 eligibility.
- Recent construction and renovations.
EXECUTIVE SUMMARY
Seller financing available with flexible terms. Seller is motivated and looking to make a deal. Subject Property is located on a hard corner in Koreatown. Includes 2 parcels with 13,050 SF GLA on 16,258 SF of land.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,050 SF
Building Class
C
Year Built
1906
Price
£2,560,919
Price Per SF
£196.24
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.80
Lot Size
0.37 AC
Zoning
C2 - Commercial
Parking
8 Spaces (0.61 Spaces per 1,000 SF Leased)
Frontage
55 ft on W Pico Blvd.
AMENITIES
- Corner Lot
- Signage
- Signalised Junction
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £69,411 | |
| Land Assessment | £106,283 | Total Assessment | £175,694 |
