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8955 W Pico Blvd 2,800 SF Retail Building Los Angeles, CA 90035 $3,150,000 ($1,125/SF) 4.95% Cap Rate
Investment Highlights
- Offered at $3,150,000 with a 4.95% cap rate and NNN lease in place.
- Located in the Pico-Robertson district near Beverly Hills and Century City.
- Excellent visibility and accessibility along a major Los Angeles corridor.
- Approximately 2,800 SF building on a 0.13-acre lot with 14 parking spaces.
- Zoned C2-1, allowing for a variety of commercial uses.
- Strong investment profile suitable for 1031 exchange buyers.
Executive Summary
8955 W Pico Boulevard offers an investment opportunity in the highly desirable Pico-Robertson area of West Los Angeles. The property is currently occupied under a new NNN lease with a five-year term and annual rent escalations, providing stable cash flow for investors. With a sale price of $3,150,000 and a cap rate of approximately 4.95%, this asset is well-suited for those seeking a long-term, income-generating property in a prime urban location.
The single-story building spans approximately 2,800 square feet and sits on a 0.13-acre lot with 14 on-site parking spaces. Zoned C2-1, the property supports a range of commercial uses, though it is currently configured for auto repair. Its location along Pico Boulevard ensures strong visibility and accessibility, with proximity to major thoroughfares, Beverly Hills, and Century City.
This property represents a strong 1031 exchange candidate and a rare opportunity to acquire a well-located retail asset in one of Los Angeles’ most vibrant commercial corridors.
The single-story building spans approximately 2,800 square feet and sits on a 0.13-acre lot with 14 on-site parking spaces. Zoned C2-1, the property supports a range of commercial uses, though it is currently configured for auto repair. Its location along Pico Boulevard ensures strong visibility and accessibility, with proximity to major thoroughfares, Beverly Hills, and Century City.
This property represents a strong 1031 exchange candidate and a rare opportunity to acquire a well-located retail asset in one of Los Angeles’ most vibrant commercial corridors.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$156,000
|
$55.71
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $156,000 |
| Annual Per SF | $55.71 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
1949/2025
Price
$3,150,000
Price Per SF
$1,125
Cap Rate
4.95%
NOI
$156,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.49
Lot Size
0.13 AC
Zoning
C2-1, Los Angeles - "Commercial -C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
14 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
142’ on West Pico Boulevard
Amenities
- Pylon Sign
- Signage
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Chase Bank
Property Taxes
| Parcel Number | 4332-008-002 | Improvements Assessment | $294,747 |
| Land Assessment | $1,473,761 | Total Assessment | $1,768,508 |
Property Taxes
Parcel Number
4332-008-002
Land Assessment
$1,473,761
Improvements Assessment
$294,747
Total Assessment
$1,768,508
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8955 W Pico Blvd
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