3601-3607 Pico Blvd, Los Angeles, CA 90019
5,850 SF | 100% Leased | Retail Building | Los Angeles, CA 90019 | $4,200,000 ($718/SF) | 5.15% Cap Rate
For Sale
Active
Asking Price $4,200,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,850 SF
- Price / Square Foot
- $718
Listing Contacts
Elizabeth Clark
Jay Martinez
- Property Info
Property Overview
Kidder Mathews is pleased to present the sale of a 5,838 square foot, L-Shaped shopping center located at 3603 W Pico Boulevard, Los Angeles, CA 90019.
The subject property consists of 4 retail tenants and an income- generating billboard. The site is fully occupied providing stable rental income with potential for lease renewals or the opportunity to enhance the property value through repositioning tenancy. Situated at the corner of Pico Boulevard and 3rd Avenue, this L-shaped strip center offers ample parking and high visibility.
The property is less than a mile from I-10, providing immediate access to the Greater Los Angeles area. The surrounding area provides a large customer base and steady flow of customers for its retail tenants and nearby attractions including The Grove, Koreatown, LACMA and the La Brea Tar Pits.
The subject property consists of 4 retail tenants and an income- generating billboard. The site is fully occupied providing stable rental income with potential for lease renewals or the opportunity to enhance the property value through repositioning tenancy. Situated at the corner of Pico Boulevard and 3rd Avenue, this L-shaped strip center offers ample parking and high visibility.
The property is less than a mile from I-10, providing immediate access to the Greater Los Angeles area. The surrounding area provides a large customer base and steady flow of customers for its retail tenants and nearby attractions including The Grove, Koreatown, LACMA and the La Brea Tar Pits.
Property Details
- Class
- B
- Year Built
- 1994
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 15,682 SF
Highlights
- C4-1 zoning, potential development
- The site is fully occupied with seasoned tenants with potential for rental upside
- Opportunity to occupy the premises to obtain SBA/Conventional financing (up to 90% LTV)
- Situated on the corner of Pico Boulevard and 3rd Avenue, the property offers ample parking and high visibility
- Nearby attractions include The Grove, Koreatown, LACMA and the La Brea Tar Pits
- Occupancy: 100%
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