Main Content
- Cap Rate 5
- Zoning LAC4
- Price/SF $427
- Bldg Size 5,625 sq. ft
- Status For Sale
- Year Built 1913
- Property Type Commercial
About This Property
Value Add Owner-User Opportunity with High Bow Truss Ceilings!
Prime location in Mid-City along W. Pico Blvd. Property is one building that is a total of 5,625 SF with high ceilings and sits on a 9,424 SF lot with alley access in the rear. There are about 9 surface parking spots in the rear. There are a total of 6 tenants, including the owners store which will be vacated by the close of escrow. The rest of the tenants are on month to month rental agreements and the seller will deliver at least 50% of the property vacant at the close of escrow.
The property is favorably zoned LAC4-2-O-CPIO and is a Transit Oriented Community Tier 3. Many new mixed-use residential developments are
happening through-out the area.
Property Details
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Property Type
Commercial
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Year Built
1913
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Status
For Sale
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Price/SF Lot
$255
- Building Size 5,625 sq. ft
- Lot Size 9,424 sq. ft