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Lender Owned Retail/Warehouse Building 777 Pico Blvd 4,880 SF Retail Building Los Angeles, CA 90021 $1,800,000 ($368.85/SF)
INVESTMENT HIGHLIGHTS
- 1st Floor Retail/Warehouse + 2nd Floor Office
- Large Front Glass Doors & Windows
- Full Building HVAC
- Gate-Secured Flex Building
- Ground Level Loading via Alley
- 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 +/-3,400 SF that was built to code but not recorded. The property was initially designed to accommodate three separate units with three electrical meters, three restrooms, three HVAC units, three rear loading doors and three shop front doors. The 2016 concrete block construction building is ideally situated in the Fashion District, central to the Arts District, Warehouse District, Flower District, Historic Core as well as South Park. Located between San Pedro Street and Stanford Avenue, just blocks from the San Pedro Wholesale Mart and LA Face Mart, 777 E Pico Blvd is only a few blocks north of the Santa Monica (I-10) Freeway in a Designated Qualified Opportunity Zone. 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.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| 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
$1,800,000
Price Per SF
$368.85
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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