• Broker Derrick Moore 6266767003
  • Broker Diandra Dillon 2136133222
  • Broker Shiho Moore 2136133000

2546, 2552-2554 W Pico Blvd 2546-2554 W Pico Blvd 13,050 SF 100% Leased Retail Building Los Angeles, CA 90006 £2,493,810 (£191.10/SF)

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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.

ATTACHMENTS

2546-2554 W Pico Blvd_OM

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
£2,493,810
Price Per SF
£191.10
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

Bank of America
Bank of Hope
Chase Bank
Capriotti's
Food 4 Less
Yoshinoya
King Taco Restaurants Inc
Smart & Final
Northgate González Markets
Jons Marketplace

PROPERTY TAXES

Parcel Numbers 5075-003-025, 5075-003-026 Improvements Assessment £68,425
Land Assessment £104,773 Total Assessment £173,198

MAP

ADDITIONAL PHOTOS

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