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