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3006-3012 W Pico Blvd 4,800 SF 100% Leased Retail Building Los Angeles, CA 90006 $1,349,000 ($281.04/SF) 4.22% Cap Rate
EXECUTIVE SUMMARY
Owner Is Motivated - Bring All Offers!!!
Retail-Residential - Mixed Use - The Subject Property is an Excellent Owner-User SBA Opportunity!!!
Ground Floor Retail - Two Spaces Approximately 1200 sf each. Both Retail Tenants are currently Month to Month Tenants.
The 2nd Floor Apartments include 2 Two Bedroom One Bath Apartments (Appx 900 sf each) and 2 Non-Conforming Studio Apartments (Appx. 300 sf each).
Please Note that the two original second floor apartments were likely 2 Three Bedroom Two Bath Apartments (Appx 1200 sf). Buyer to confirm status.
Additionally, the Subject Property has a parking lot with nine spaces at the rear of the building which can be accessed from Oxford Avenue via a recorded easement in favor of the owner of the Subject Property.
Retail-Residential - Mixed Use - The Subject Property is an Excellent Owner-User SBA Opportunity!!!
Ground Floor Retail - Two Spaces Approximately 1200 sf each. Both Retail Tenants are currently Month to Month Tenants.
The 2nd Floor Apartments include 2 Two Bedroom One Bath Apartments (Appx 900 sf each) and 2 Non-Conforming Studio Apartments (Appx. 300 sf each).
Please Note that the two original second floor apartments were likely 2 Three Bedroom Two Bath Apartments (Appx 1200 sf). Buyer to confirm status.
Additionally, the Subject Property has a parking lot with nine spaces at the rear of the building which can be accessed from Oxford Avenue via a recorded easement in favor of the owner of the Subject Property.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$93,905
|
$19.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,905
|
$19.56
|
| Taxes |
$16,835
|
$3.51
|
| Operating Expenses |
$20,406
|
$4.25
|
| Total Expenses |
$37,241
|
$7.76
|
| Net Operating Income |
$56,664
|
$11.81
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $93,905 |
| Annual Per SF | $19.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,905 |
| Annual Per SF | $19.56 |
| Taxes | |
|---|---|
| Annual | $16,835 |
| Annual Per SF | $3.51 |
| Operating Expenses | |
|---|---|
| Annual | $20,406 |
| Annual Per SF | $4.25 |
| Total Expenses | |
|---|---|
| Annual | $37,241 |
| Annual Per SF | $7.76 |
| Net Operating Income | |
|---|---|
| Annual | $56,664 |
| Annual Per SF | $11.81 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built
1904
Price
$1,349,000
Price Per SF
$281.04
Cap Rate
4.22%
NOI
$56,923
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.14 AC
Zoning
C2-2, Los Angeles - Neighborhood Commercial
Parking
7 Spaces (1.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- P G Inc
- Public Administration
- -
- -
- -
- Rigoberto's Tv
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| P G Inc | Public Administration | - | - | - | ||
| Rigoberto's Tv | Services | - | - | - |
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5074-002-008 | Total Assessment | $1,251,606 (2025) |
| Land Assessment | $864,747 (2025) | Annual Taxes | $16,835 ($3.51/SF) |
| Improvements Assessment | $386,859 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5074-002-008
Land Assessment
$864,747 (2025)
Improvements Assessment
$386,859 (2025)
Total Assessment
$1,251,606 (2025)
Annual Taxes
$16,835 ($3.51/SF)
Tax Year
2024
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3006-3012 W Pico Blvd
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