11747 Pico BlvdLos Angeles, CA 90064

Property Details for 11747 Pico Blvd

Year built

1948

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

1,800 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

4260-029-026

APU

4260029026

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $653,159

  6.5%

  $602,916

  7%

  $559,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $861,019

  Geo Method

  $862,566

• Alternative Use

  Use

  Valuation

  Residential

  $508,582

  Hospitality

  $465,859

  Educational

  $387,589

  Medical

  $400,919

  Retail

  $602,916

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0313

Longitude

-118.447

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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