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212 E Pico Boulevard
Los Angeles, CA 90015

Price: $2,626,000 Zoning: M2-2D
Bldg SF: 7,220 SF Price/SF: $364
Land SF: 3,696 SF TOC: Tier 3
Year Built:  1989 Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Address: 212 E Pico Boulevard, Los Angeles, CA 90015
Price: $2,626,000
Bldg SF: 7,220 SF
Land SF: 3,696 SF
Year Built: 1989
ProForma CAP Rate: 5.08%
Price/SF: $364
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Ben Brownstein
(818) 212-2812
ben.brownstein@marcusmillichap.com
License # 02012808

Investment Highlights

Ideal Owner-User/Investor Opportunity

 

• 7,220 square feet of retail/office space

• Ability for Owner-User to occupy half of the GLA while collecting income on second half of GLA

• Along with occupying as an Owner-User, there is immediate upside in rental income

• Walkability Score of 98/100- great selections of dining, shopping, and accommodations in the immediate area

 

Excellent Downtown Los Angeles Location

 

• Located in the Men’s Wear region of the Fashion District

• Opportunity Zone presents long term growth for building and neighborhood

• Less than one mile from Staples Center and LA Live

• DASH Bus Stop located 100 feet from the property

 

Dense Los Angeles County Sub-Market

 

• 612,378 Daytime Population within 5-M radius

• 1,248,689 Population within 5-M radius

• Within close proximity to all major freeways, Staples Center, Dodger Stadium, and Los Angeles Financial District