10651 W Pico Blvd
Los Angeles, CA 90064
Retail Property For Sale

10651 West Pico is well positioned to take advantage of the resurgence in interest, given the short-term leases in place and leases well below market. The ability to add-value with 10651 West Pico can be tapped with repositioning orchestration. Raising rents, making property improvements and creating a synergistic tenant roster will largely allow investors to immediately untap over 400 bps of value. The property is like nothing in the area; with a unique walkway arcade layout, it benefits from charm and character allowing for a discussion of creative layouts and creation of a synergistic tenant roster where rents and tenancy will remain sustainable and viable for the future. Micro-concepts in retail are becoming extremely popular, so that the ability to deliver 1,000 SF spaces for food uses and service tenants is becoming increasingly appealing to retailers and consumers alike. The property can also be ideal for the owner/user looking to occupy for their own business. The property presents itself as a viable alternative solution to the creative user given the high-rise towers on Wilshire and in Century City. A potential owner/user could combine a portion of the front and rear units, or improve the courtyard area for privacy and sole use.