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Executive Summary

SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION, COST SEGREGATION, TAX BENEFITS, AND APPRECIATION FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** Prime owner-user or investment opportunity, COFFEE SHOP, MEDICAL FACIAL SPAS WELCOME.
THIS WAS $6,800,000
NOW $3,900,000, LOOKING LONG TERM OWNER OCCUPANTS LIKE COFFEE SHOP, BAKERY, BEAUTY AND WELLNESS PLUS 2ND OFFICE SPACES TO UTILIZE FOR YOUR BUSINESS OR LEASE THEM OUT!!
Additional monthly income from billboard lease & OIL RIGHT YEARLY INCOME.
High potential financial growth AREA
CONVENTIONAL COMMERCIAL FINANCING NOT POSSIBLE DUE TO SOIL CONTAMINATION.
SELLER FINANCING AVAILABLE FOR $1,000,000

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,245 SF
Building Class
C
Year Built
1929
Price
$3,900,000
Price Per SF
$624.50
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.15 AC
Zoning
LAC4 - Limited Commercial
Frontage
59’ on W Pico Blvd

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,200 SF
  • Retail
  • -
  • Now

COFFEE/WINE, DESSERT SHOPS, ANYTHING YOU CAN DREAM, YOU CAN DO HERE!!

Space Size Space Use Position Available
1st Floor 1,200 SF Retail - Now

1st Floor

Size
1,200 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 1,200 SF
Space Use Retail
Position -
Available Now

COFFEE/WINE, DESSERT SHOPS, ANYTHING YOU CAN DREAM, YOU CAN DO HERE!!

Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100

Nearby Major Retailers

Starbucks
Bank of America
Chase Bank
Yoshinoya
Sharky's Woodfired Mexican Grill
First Citizens Bank
The Coffee Bean & Tea Leaf
California Bank & Trust
Lawry's The Prime Rib
Gyu-Kaku Japanese BBQ

Property Taxes

Property Taxes

Parcel Number
4332-011-012
Land Assessment
$914,070
Improvements Assessment
$223,415
Total Assessment
$1,137,485
  • Listing ID: 32925869

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 8881-8883 W Pico Blvd, Los Angeles, CA 90035

Contact the Sale Advisor

8881-8883 W Pico Blvd

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