1701 W Pico Blvd
Los Angeles, CA 90015
Retail Property For Sale

NAI Capital is pleased to present the Pico-Union Creative Commercial Building, an approximately 6,200 SF commercial property located at 1701 W Pico Blvd, Los Angeles. The subject property features high ceilings, an open floor plan, three roll up doors (including one drive-in curb-cut door), and strong frontage on West Pico Blvd. The asset is zoned LACM and is currently occupied by a single tenant, a furniture wholesale store on a month to month lease. Property may alternatively be divided into 2 – 3 units for a potential pro-forma cap rate of 11%! The Pico-Union Creative Commercial Building is ideally located just one block from the intersection of West Pico Blvd and South Union Ave, with traffic counts of +/- 22,665 cars per day. The property is conveniently located near the intersection of the 10 and 110 Freeways. There is ample street parking in front of the building on Pico Blvd, and easy access to public transportation via the Metro Blue Line Pico Station. The subject property is less than one mile from the Convention Center, Staples Center, and L.A. Live, directly within the path of rapid gentrification. Additional parking can be leased off-site in one of the neighboring properties. An incoming owner-user can occupy the entire property upon close of escrow, or subdivide the space to occupy a portion of the building and rent out the remainder for income. Qualifying Owner-Users seeking to occupy at least 51% of the rentable building area can obtain S.B.A. financing with as little as 10% down payment and 5.25% interest.