2500 W Pico Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90006
$5,200,000 USD
310-658-3375
2500 W Pico Blvd, Los Angeles, CA for Sale
$5,200,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 7.25% Cap Rate

2500 W Pico Blvd
Los Angeles, CA 90006


HIGHLIGHTS

  • Stabilized Leased Investment / In-place Cap Rate 7.25%
  • Excellent Foot Traffic and Density
  • Anchor Tenant - 18.28% of Operating Expenses Absorbed by NNN Lease (Buyer to Implement)
  • 15 - 2nd Floor Upstairs Unit Mix: (6) Studios & (9) 1 Bedroom + 1 Bath
  • Tremendous Visibility, Exposure, and Frontage - Strong Pico-Union Location
  • .67 Miles North of 10 Freeway and 1 Mile Away from 110 Freeway - Next to Loyal High School

OVERVIEW

Kidder Mathews is the Exclusive Broker for a 15 unit apartment building with 7 street level retail units, situated on the Southwest signalized corner of Pico Blvd and Vermont Avenue. This property has seasoned street-level retail tenants, only the anchor Tenant (Pulgarcito Restaurant) is on a triple net lease leaving real upside the remaining retail. The second floor has a great unit mix for this Pico-Union submarket: 6 Studios and 9 (1 bedroom + 1 Bath) apartments, with many of these units have been upgraded as they have rolled over. This is an ideal investment for an astute Buyer who could continue repositioning the asset capture even higher returns with the residential and retail tenancy. .

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22 Units (15 Apartments + 7 Retail Units)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,107 SF

ZONING

C2-2D-CPIO

APN/PARCEL ID

5075-001-001

ASK ABOUT THIS PROPERTY

Jay MartinezKidder MathewsMore Info
310-658-3375

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Jay MartinezKidder MathewsMore Info
310-658-3375

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.