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2663-2667 W Pico Blvd 5,800 SF 100% Leased Retail Building Los Angeles, CA 90006 $1,400,000 ($241.38/SF)
Investment Highlights
- Multi-tenant retail/office property within the Pico- Union submarket in the City of Los Angeles
- Value-add investment or ideal owner-user opportunity for a mixed-use property
- Supply constricted neighborhood with a low level of availability
- Situated on the Pico Boulevard commercial thoroughfare in Pico-Union
- Easy access to the 10 and 110 freeways
- Wide array of potential uses at the property
Executive Summary
Kidder Mathews is pleased to present 2663 W Pico Blvd, a ±5,800 SF mixed-use retail/office property situated on the Pico Boulevard commercial corridor in the heart of Los Angeles' Pico-Union neighborhood. The property sits on a ±7,149 SF (±0.16 AC) lot zoned C2-1, offering both immediate income potential and long-term development flexibility.
Built in 1948, the building is currently configured as a multi-tenant asset comprising four spaces — a retail unit, a bar, and two additional units including a rear building — providing a mix of in-place income and vacancy well-suited to an owner/user looking to occupy a portion of the property while leasing out the remainder, or to a value-add investor targeting upside through lease-up and rent growth.
The property benefits from a highly connected, supply-constrained infill location with easy access to both the I-10 and CA-110 freeways, and is just a short distance from Koreatown, Downtown Los Angeles, and USC. Pico Boulevard's steady pedestrian and vehicle traffic supports a range of neighborhood-serving retail, service, and office uses, while the underlying C2-1 zoning preserves optionality for future redevelopment.
Whether pursued as an owner-user headquarters, a stabilized income property, or a value-add repositioning play, 2663 W Pico Blvd offers a rare, flexible foothold in one of Central LA's most dynamic and supply-restricted submarkets.
Built in 1948, the building is currently configured as a multi-tenant asset comprising four spaces — a retail unit, a bar, and two additional units including a rear building — providing a mix of in-place income and vacancy well-suited to an owner/user looking to occupy a portion of the property while leasing out the remainder, or to a value-add investor targeting upside through lease-up and rent growth.
The property benefits from a highly connected, supply-constrained infill location with easy access to both the I-10 and CA-110 freeways, and is just a short distance from Koreatown, Downtown Los Angeles, and USC. Pico Boulevard's steady pedestrian and vehicle traffic supports a range of neighborhood-serving retail, service, and office uses, while the underlying C2-1 zoning preserves optionality for future redevelopment.
Whether pursued as an owner-user headquarters, a stabilized income property, or a value-add repositioning play, 2663 W Pico Blvd offers a rare, flexible foothold in one of Central LA's most dynamic and supply-restricted submarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
C
Year Built
1948
Price
$1,400,000
Price Per SF
$241.38
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.81
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
LAC2-1 - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
6 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
51’ on Pico Blvd
Amenities
- 24 Hour Access
- Fenced Lot
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5078-032-014 | Improvements Assessment | $72,049 |
| Land Assessment | $42,137 | Total Assessment | $114,186 |
Property Taxes
Parcel Number
5078-032-014
Land Assessment
$42,137
Improvements Assessment
$72,049
Total Assessment
$114,186
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