2271 W Pico Boulevard,Los Angeles, CA 90006
Los Angeles, CA 90006
Description
INVESTOR’S DREAM ON PICO BLVD, FULLY LEASED RETAIL STRIP WITH STRONG RETURNS, 2271-2281 W PICO BLVD, LOS ANGELES, CA 90006. THIS IS A RARE OPPORTUNITY TO ACQUIRE A 100% LEASED, HIGH-PERFORMING RETAIL CENTER IN THE HEART OF ONE OF LOS ANGELES’ BUSIEST COMMERCIAL CORRIDORS. WITH RENTAL INCOME AND 3% ANNUAL INCREASES, THIS ASSET DELIVERS A STRONG CAP RATE OF OVER 6%, BACKED BY LONG-TERM, STABLE TENANTS AND ZERO VACANCY. THE PROPERTY CONSISTS OF SIX STREET-FACING RETAIL UNITS, ANCHORED BY A WELL-KNOWN PERUVIAN ROTISSERIE CHICKEN RESTAURANT THAT DRAWS CONSISTENT FOOT TRAFFIC. ADDITIONAL TENANTS INCLUDE A BICYCLE SHOP, NAIL SALON, ICE CREAM SHOP, BOUTIQUE FASHION STORE, OPTICAL SHOP, AND A DOLLAR STORE. ALL TENANTS TO ARE ON MODIFIED GROSS LEASES, COVERING THEIR OWN UTILITIES AND MAINTENANCE, WHICH ENSURES MINIMAL LANDLORD RESPONSIBILITIES AND MAXIMUM NET INCOME. SITUATED ON HIGH-VISIBILITY PICO BLVD, THE PROPERTY BENEFITS FROM STRONG VEHICLE AND PEDESTRIAN TRAFFIC DAILY. THE ROOF WAS REPAIRED IN 2024, ADDING FURTHER VALUE AND REDUCING NEAR-TERM CAPITAL NEEDS. THIS IS A TURNKEY, INCOME-PRODUCING INVESTMENT WITH BUILT-IN RENTAL GROWTH, IDEAL FOR INVESTORS SEEKING RELIABLE CASH FLOW, LONG-TERM APPRECIATION, OR A SOLID 1031 EXCHANGE REPLACEMENT. A STRATEGIC ADDITION TO ANY PORTFOLIO. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY.
Details
| MLS # | PW25085341 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 65 |
| Listing Provided By | New Star Realty & Investment | Lena Byun |
Features
| SQ Feet | 6,240 |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.15 |
Exterior
| Lot Features | Six To Ten Units Acre, Rectangular Lot |
|---|
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90006) | |
Price: $2,500,000 low | high Med: $1,099,500 SqFt: 6,240 low | high Med: 1,877 $ / SqFt: $401 low | high Med: $588 On site: 65 low | high Med: 164.500000 | |
