4651-4661 W Pico Blvd, Los Angeles, CA 90019 | 4651-4661 W Pico Blvd
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4651-4661 W Pico Blvd, Los Angeles, CA 90019 4651-4661 W Pico Blvd
10,000 SF Vacant Office Building Los Angeles, CA 90019 $8,150,000 ($815/SF) 5.10% Cap Rate
Investment Highlights
- 8,995 SF two-story office building on a total±0.65-acre site
- Rare 48-space parking lot (±11,420 SF) included
- Property to be delivered vacant
- Flexible zoning allowing diverse uses (retail, office, medical, fitness, multi-family, mixed use)
- High-visibility corner location
Executive Summary
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 8,995 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. A major bus station hub directly serves the site, while a shopping plaza anchored by Lowe's sits across the street, ensuring steady foot traffic and accessibility.
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.
The property's prime location offers exceptional connectivity, positioned equidistant from Downtown LA, Beverly Hills, Santa Monica, Hollywood, and Inglewood. A major bus station hub directly serves the site, while a shopping plaza anchored by Lowe's sits across the street, ensuring steady foot traffic and accessibility.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,000 SF
Building Class
B
Year Built
1972
Price
$8,150,000
Price Per SF
$815
Cap Rate
5.10%
NOI
$415,650
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,497 SF
Building FAR
0.59
Lot Size
0.39 AC
Zoning
C4 - Commercial
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Floor
- 1,000-4,000 SF
- Office
- -
- Now
Space | Size | Space Use | Condition | Available |
2nd Floor | 1,000-4,000 SF | Office | - | Now |
2nd Floor
Size |
1,000-4,000 SF |
Space Use |
Office |
Condition |
- |
Available |
Now |
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Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $702,120 | |
Land Assessment | $1,378,263 | Total Assessment | $2,080,383 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,378,263
Improvements Assessment
$702,120
Total Assessment
$2,080,383
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4651-4661 W Pico Blvd, Los Angeles, CA 90019 | 4651-4661 W Pico Blvd
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