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5353 W Pico Blvd

4,080 SF Retail Building Los Angeles, CA 90019 $2,450,000 ($600/SF)

Investment Highlights

  • Highly visible corner lot location.
  • Lot Size: 8061 Square Feet
  • Zoning C4
  • Appox. 24,000+ cars per day.
  • Prime Mid City Location

Executive Summary

This highly visible corner lot located in the mist of the real estate development boom of Pico Blvd. An ideal investment opportunity for an owner-user, the property is presently being operated as a pre-school. The school currently uses the side lot as a playground but can be used as a parking lot. The current site consists of a 4,080 square foot building on an 8,061 square foot lot zoned C-4 for Strip Mall, Condos, Apartments. Buyer to verify all development opportunities and potential use in due diligence.
Note: the school business is sold separately.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,080 SF
Building Class
C
Year Built
1957
Price
$2,450,000
Price Per SF
$600
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.18 AC
Zoning
C4-1-O - C2 Uses with Limitation, R4 Uses
Parking
7 Spaces (1.72 Spaces per 1,000 SF Leased)
Frontage
115 FT on West Pico Boulevard

Amenities

  • Corner Lot
  • Signalized Intersection
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

CrossFit
Starbucks
Sprouts Farmers Market
Vons
Olive Garden
Equinox
MIXT
Chase Bank
U.S. Bank
Citi

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5085-033-017
Land Assessment
$1,872,720
Improvements Assessment
$416,160
Total Assessment
$2,288,880
  • Listing ID: 33367155

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 5353 W Pico Blvd, Los Angeles, CA 90019

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