4651-4661 W Pico Blvd - Office FOR SALE


Los Angeles, CA 90019
$8,150,000 USD
213-880-8107
4651-4661 W Pico Blvd, Los Angeles, CA for Sale
$8,150,000 USD
Office - FOR SALE
1/20
null | 5.1% Cap Rate

4651-4661 W Pico Blvd
Los Angeles, CA 90019


HIGHLIGHTS

  • 16,444 SF two-story office building on a total±0.65-acre site
  • Flexible zoning allowing diverse uses (retail, office, medical, fitness, multi-family, mixed use)
  • Rare 48-space parking lot (±11,420 SF) included
  • High-visibility corner location
  • Property to be delivered vacant

OVERVIEW

Nestled in the vibrant heart of Los Angeles's Mid-City district, the property at 4651-4661 W Pico Blvd stands at the strategic intersection of Pico and San Vicente Boulevards. This 1972-built two-story office building commands an expansive combined lot size of approximately 28,279 square feet (0.65 acres), featuring a gross building area of 16,444 square feet and an impressive 11,420-square-foot (0.26 acres) parking lot accommodating 48 vehicles. The property's prime location offers exceptional connectivity, positioned equidistant from Downtown LA, Beverly Hills, Santa Monica, Hollywood, and Inglewood. With over 5,000 vehicles passing daily along Pico Boulevard and a major bus station hub directly serving the site, the location ensures consistent exposure and accessibility. A shopping plaza anchored by Lowe's sits across the street, contributing to the steady flow of foot traffic. The immediate area boasts a robust office market, with approximately 3,000 to 5,000 square feet of office space available within a 3 to 5-mile radius along the Pico corridor, indicating strong demand for commercial space in this central location. Current zoning enables diverse commercial applications including office, medical, gymnasiums, and health clubs. The property's development potential is significantly enhanced by its TOC Tier 3 designation, offering multiple density scenarios: up to 42 units by right, or a maximum of 72 units through the TOC Tier 3 density bonus program. This flexibility creates compelling opportunities for mixed-use development, allowing investors to optimize the site's potential while capitalizing on the growing demand for both residential and commercial space in this prime Mid-City location. This adaptable space awaits visionary investors to capitalize on Mid-City's growing demand for office and service-oriented businesses, supported by excellent visibility and accessibility along major Los Angeles thoroughfares.

FOR SALE DETAILS

PRICE

$8,150,000 USD

PRICE/SF

$815 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

4651-4661 W Pico Blvd, Los Angeles, CA 90019

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,279 SF

ZONING

C4

APN/PARCEL ID

5083-027-003,5083-027-010

ASK ABOUT THIS PROPERTY

Francisco WilliamsKW Commercial Beverly HillsMore Info
213-880-8107

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Francisco WilliamsKW Commercial Beverly HillsMore Info
213-880-8107

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