4605–4619 W Pico Boulevard 3,120 SF Retail Building Los Angeles, CA 90019 $3,999,000 ($1,281.73/SF)

Coldwell Banker is happy to present a wonderful opportunity in the Mid-Wilshire Miracle Mile area in Los Angeles. This property consists of three contiguous parcels located at 4605, 4615, and 4619 West Pico Boulevard in Los Angeles, California, which have been legally tied together to create one unified site.

The property offers approximately 3,120 square feet of building space on a lot of approximately 16,254 square feet (buyer to verify), including a total of 12 on-site parking spaces, three of which are ADA-compliant handicap spaces. With the C4-1-O zoning, this offering provides flexibility for a variety of automotive, service, or potential redevelopment uses. Also, this offering is located within a Tier 1 TOC (Transit Oriented Community), making it possible to build 59 residential units on the lots utilizing TOC benefits. Any business or property at this address will be strengthened by the excellent street frontage and visibility along the highly traveled Pico Boulevard corridor in the Miracle Mile/Mid-Wilshire area.

The property is currently being operated as an automotive repair and body shop under the name United Auto Experts, which has been in continuous operation for over six years. The business has an established online presence, including Yelp and Google business pages, as well as a dedicated website listed below.

Specialized tools and spray booth equipment are included under an equipment lease of $8,000 per month on a five-year term, of which approximately one and a half years have already been paid. The lease will need to be transferred to the new owner, and the seller can provide the lease and option-to-purchase contracts.

Approximately $400,000 has been invested in recent remodeling and facility upgrades, reducing the need for immediate capital improvements. About $31,000 remains to complete the legalization of the spray booth, with most of the required city fees already paid (buyer to verify). Property taxes are approximately $44,000 per year, and the combined business and property insurance costs are about $1,300 per month.

This is a rare opportunity to acquire a high-visibility automotive property in a densely populated, high-traffic area of Los Angeles. The site is ideal for an owner user looking to take over an established, fully operational business or for an investor seeking value-add potential through repositioning, expansion, or future redevelopment.