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11714-11720 W Pico Blvd 9,200 SF 25% Leased Retail Building Los Angeles, CA 90064 $3,350,000 ($364.13/SF)
INVESTMENT HIGHLIGHTS
- 75% vacant space for an owner/user to occupy
- Billboard income
- Value add opportunity
- Adjacent to signalized corner
EXECUTIVE SUMMARY
With 75% of the property being delivered vacant, it is an ideal opportunity for an owner/user looking to occupy the building or an investor that can add value to achieve top of the market lease rates. There is currently $4,000 of monthly income in place. The billboard income is month
to month and provides an opportunity for a renegotiation at potentially higher rents
to month and provides an opportunity for a renegotiation at potentially higher rents
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,200 SF
Building Class
C
Year Built
1963
Price
$3,350,000
Price Per SF
$364.13
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.67
Lot Size
0.13 AC
Zoning
LAC2 TOC Tier 3 - C2-1VL
Parking
6 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
58’ on W Pico Blvd
AMENITIES
- 24 Hour Access
- Bus Line
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 4260-030-017 | Improvements Assessment | $1,667,700 (2025) |
| Land Assessment | $3,886,200 (2025) | Total Assessment | $5,553,900 (2025) |
PROPERTY TAXES
Parcel Number
4260-030-017
Land Assessment
$3,886,200 (2025)
Improvements Assessment
$1,667,700 (2025)
Total Assessment
$5,553,900 (2025)
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11714-11720 W Pico Blvd
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