3601-3607 W Pico Blvd - Bar FOR SALE


Los Angeles, CA 90019
$3,995,000 USD
310-740-7283
3601-3607 W Pico Blvd, Los Angeles, CA for Sale
$3,995,000 USD
Bar - FOR SALE
1/18
null | 5.41% Cap Rate

3601-3607 W Pico Blvd
Los Angeles, CA 90019


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% - W/Resturants Tenants and Diversified Tenant Mix

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.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$683 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

L-Shaped Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Convenience Store, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,751 SF

ZONING

LAC4-1

APN/PARCEL ID

5081-014-012

ASK ABOUT THIS PROPERTY

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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