1153 Pico BlvdLos Angeles, CA 90021

  • Manufacturing properties
  • 7,760 SF
For Sale
$3,990,000 View listing

Property Details for 1153 Pico Blvd

Year built
1966
Construction
TILT-UP CONCRETE
Lot size
0.27 AC
Property size (Sq ft)
7,760 SF
Zone code
LAM2
Property type
Manufacturing properties
APN
5132-016-039
APU
5132016039

Description

This exceptional 9,400 square foot industrial property, located at 1153-1155 E. Pico Blvd in Los Angeles, CA 90021, presents a compelling investment opportunity. Built in 1966, this single-story warehouse boasts a spacious 9,400 square feet of net rentable area situated on an 11,810 square foot lot. The property features five loading docks, crucial for efficient operations, and a generous ceiling height of 16 feet, providing ample vertical space for storage or manufacturing processes. Parking is readily available, with 1.5 spaces provided per 1,000 square feet of building area, totaling 14 reserved parking spaces. The property is fully fenced and secured, ensuring the safety and security of your operations and inventory. Its prime location near the Fashion Wholesale Market offers excellent accessibility and proximity to key transportation routes. The asking price is $3,990,000, translating to a price per square foot of $424.47. This property is ideal for businesses seeking a well-maintained, strategically located warehouse or manufacturing facility in the heart of Los Angeles. The property is zoned for warehouse and manufacturing uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,596,563
    Hospitality
    $2,378,438
    Educational
    $1,978,832
    Medical
    $2,046,887
    Retail
    $3,078,183

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0299
Longitude
-118.246
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$42,539
$2,253,422
$1,201,823
$3,455,245
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