AVAILABLE For Sale and For Lease 4651-4661 W Pico Blvd 16,444 SF Vacant Office Building Los Angeles, CA 90019 $6,250,000 ($380.08/SF) 6.65% Cap Rate

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.