For Sale
$1,799,000

11747 Pico BlvdLos Angeles, CA 90064

Westside LA Storefront, High-Demand Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a prime 1,800-square-foot retail storefront located at 11747 W Pico Blvd, Los Angeles, CA 90064. The property, built in 1948 by the current owners and offered for the first time in decades, comprises two 900-square-foot units currently leased to a hair salon and a fitness center, generating a combined monthly rent of $6,641.84. Each unit has undergone recent remodeling. The property boasts a highly desirable Westside location between Bundy Drive and Barrington Avenue, providing easy access to the 405 and 10 freeways, and proximity to Beverly Hills, Santa Monica, beaches, and Century City. The area is characterized by a mix of businesses and high-end residential communities, ensuring high demand for commercial space. The building features three parking spaces in the rear with convenient alley access, a significant advantage in this location. The property is situated next to the renowned La Talpa restaurant, further enhancing its visibility and appeal. The asking price is $1,799,000, translating to $999.44 per square foot. The property is zoned LAC2 and offers a triple net (NNN) lease structure with rent bumps included. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving Los Angeles market. Thirty minutes from LAX.

Highlights

  • Prime 1,800 SF retail storefront at 11747 W Pico Blvd, Los Angeles, CA 90064.
  • Two 900 SF units, currently leased ($6,641.84/month combined rent), recently remodeled.
  • Desirable Westside location near Bundy & Barrington, close to freeways (405 & 10), Beverly Hills, Santa Monica & Century City.
  • Three rear parking spaces with alley access. Adjacent to La Talpa restaurant.
  • Asking price: $1,799,000 ($999.44/SF). LAC2 zoning, NNN lease with rent bumps.

Property Details for 11747 Pico Blvd

Property type
Retail properties, Retail space
Square Feet
1,800 SF
Year Built
1948
Buildings
1
Stories
1
Units
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0312838
Longitude
-118.4469178
11747 Pico Blvd, Los Angeles, California

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11747 Pico Blvd
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