5353 W Pico Blvd
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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.
Note: the school business is sold separately.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5085-033-017 | Improvements Assessment | $416,160 |
Land Assessment | $1,872,720 | Total Assessment | $2,288,880 |
PROPERTY TAXES
Parcel Number
5085-033-017
Land Assessment
$1,872,720
Improvements Assessment
$416,160
Total Assessment
$2,288,880
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5353 W Pico Blvd
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