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Lender Owned Retail/Warehouse Building 777 Pico Blvd 4,880 SF Retail Building Los Angeles, CA 90021 $1,250,000 ($256.15/SF)
Investment Highlights
- Total Usable Finished Space: 8,280 SF
- Bonus Finished Mezzanine (unpermitted): 3,400 SF
- Gate-Secured Flex Building W/Full Building HVAC
- 1st Floor Retail/Warehouse: 4,880 SF
- Large Front Glass Doors & Windows
- Live-Work Use Permissible by Right
Executive Summary
777 East Pico Blvd is a +/-4,880 SF commercial building with a 24’ ceiling with a mezzanine consisting of an additional +/-3,400 SF that was built to code but not recorded. Total usable finished space is +/-8,280 SF. The property was initially designed to accommodate 3 separate units with 3 electrical meters, 3 restrooms, 3 HVAC units, 3 rear loading doors and 3 shop front doors. The concrete block construction building is ideally situated in the Fashion District. Located between San Pedro St and Stanford Ave, just blocks from the San Pedro Wholesale Mart. 777 E Pico Blvd is a few blocks north of the Santa Monica (I-10) Fwy. Further, due to the recent change in zoning, the building is now eligible for mixed use – including live-work – without requiring a conditional use permit. In addition to the potential for live-work conversion, the potential to convert the building into three retail stores should be attractive to both investors and owner-users, especially for those that can qualify for an SBA loan.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
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| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Building Size
4,880 SF
Year Built/Renovated
1950/2016
Price
$1,250,000
Price Per SF
$256.15
Building Height
2 Stories
Building FAR
0.93
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
[LB1-WH1-5] [IX2-FA]
Parking
3 Spaces (0.61 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Walk Score®
Very Walkable (75)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5132-012-023 | Improvements Assessment | $1,972,992 |
| Land Assessment | $2,321,170 | Total Assessment | $4,294,162 |
Property Taxes
Parcel Number
5132-012-023
Land Assessment
$2,321,170
Improvements Assessment
$1,972,992
Total Assessment
$4,294,162
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Lender Owned Retail/Warehouse Building | 777 Pico Blvd
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