2546 Pico Blvd Los Angeles, CA 90006

This 13,050 square foot shopping center in Los Angeles, CA, is situated on a hard corner in Koreatown at 2546-2554 W Pico Blvd, offering excellent visibility and high traffic counts. The property consists of two parcels totaling 16,258 square feet of land and boasts 100% occupancy with a strong tenant mix including 7-Eleven, AutoZone, and Bank of America, among others. Current tenants are on short-term leases with rents significantly below market value, presenting a substantial opportunity for increased income. The property features recent construction and renovations and offers a pro-forma NOI of $316,455 and a pro-forma cap rate of 9.59%. The asking price is $3,300,000 ($252.87/sq ft). This location is minutes from Downtown Los Angeles and less than a quarter mile from Loyola High School. The property's TOC-3 designation with ED-1 eligibility allows for owner-user occupancy or multi-family redevelopment potential. Seller financing is available with flexible terms.