DTLA Fashion District - Pico Blvd at LA St 208-210 E Pico Blvd 3,682 SF 100% Leased Retail Building Los Angeles, CA 90015 $1,100,000 ($298.75/SF) 3.41% Cap Rate

This sale offers the opportunity to purchase a multi-tenant retail property in a desirable location in the Downtown Los Angeles Fashion District. The site is in a prime, high-visibility location on Pico Boulevard with great foot traffic and a car counts of over 9,000 vehicles per day. One of the units is vacant, one unit is leased on a month-to-month basis and the third unit is leased until March 2029. Owner/users have the opportunity to immediately occupy one or two of the units. Investors have the stability of a seasoned tenant and the opportunity to lease up a vacant unit at market rate.
The subject property, located at 208-210 East Pico Boulevard, is situated in a well-trafficked area of the Fashion District between Los Angeles Street and Santee Street. Pico Boulevard has over 9,000 vehicles per day at this location and has desirable foot traffic due its proximity to public transportation and Santee Alley as well as its particular location within the Fashion District. The site is 4 blocks from the freeway, 5 blocks from the San Pedro Wholesale Mart, 1 block from Santee Alley, adjacent to a stop on the Dash Route E and less than 1 mile from the Staples Center. With Los Angeles set to host the 2026 World Cup and the 2028 Summer Olympics, Downtown Los Angeles continues its decades-long tradition of being a trend-setting destination in the world’s commercial landscape.
The building is configured as a three-tenant space. The site has 39’ of frontage on Pico Boulevard with a total of 3,682 square feet of rentable building area. There are three ground-level suites, each approximately 1,228 square feet. Suites 210 and 208 ½ are currently occupied by a seasoned tenant who has been at the property since 2016. Suites 210 and 208 ½ are leased through March of 2029, however suite 208 ½ has a clause that allows the landlord to terminate the lease with a 60-day notice. The third space, suite 208, is currently vacant.
208-210 East Pico Boulevard offers the opportunity to purchase a well-maintained retail property in a prime Downtown Los Angeles Fashion District location. The property is suitable for owner/users and investors alike offering a desirable location in a world renown market.