2271 W Pico BLVD Los Angeles, CA 90006
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25085341
HOA Y/N No
Year Built 1922
Lot Size 6,721 Sqft
Property Sub-Type Retail
Property Description
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC2
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description 6-10 Units/Acre, Rectangular Lot
Story 1
Water Public
Others
Tax ID 5076016011
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
- 9
Equitas Academy Charter
Public | KG - 5
- 9
Gabriella Charter
Public | KG - 8
- 8
Queen Anne Place Elementary School
Public | KG - 5
- 8
Hoover Street Elementary
Public | KG - 5
- 8
Global Education Academy
Public | KG - 5
- 8
Synergy Charter Academy
Public | KG - 5
- 8
Celerity Dyad Charter
Public | KG - 8
- 8
Clifford Street Math & Technology Magent
Public | KG - 6
- 7
Hollywood Primary Center
Public | KG - 3
- 7
New Heights Charter
Public | KG - 8
- 7
Dr. Sammy Lee Medical and Health Science Magnet
Public | KG - 5
- 7
Equitas Academy Charter #2
Public | 5 - 8
- 6
Wilshire Park Elementary
Public | KG - 5
- 6
Van Ness Avenue Elementary
Public | KG - 5
- 6
Kim Elementary School
Public | KG - 5
- 6
Cahuenga Elementary School
Public | KG - 5
- 6
Menlo Avenue Elementary
Public | KG - 5
- 6
Downtown Value
Public | KG - 8
- 6
Micheltorena Elementary
Public | KG - 5
- 6
Thirty-Second Street Usc Performing Arts
Public | KG - 12
- 8
Rise Kohyang Middle School
Public | 6 - 8
- 7
Alliance Gertz-Ressler Richard Merkin 6-12 Complex
Public | 6 - 12
- 6
Virgil Middle School
Public | 6 - 8
- 6
New Designs Charter
Public | 6 - 12
- 5
Pico Pico Middle School
Public | 6 - 8
- 5
Synergy Kinetic Academy
Public | 6 - 8
- 4
Foshay Learning Center
Public | 6 - 12
- 4
RFK Community Schools - Ambassador School of Global Leadership
Public | 6 - 12
- 4
Los Angeles Academy of Arts & Enterprise Charter
Public | 6 - 12
- 4
Vista Charter Middle School
Public | 6 - 8
- 4
Alliance College-Ready Middle Academy No. 12
Public | 6 - 8
- 4
John Adams Middle School
Public | 6 - 8
- 4
Dr. Julian Nava Learning Academy - School of Business & Tech
Public | 6 - 8
- 3
Animo Jefferson Charter Middle School
Public | 6 - 8
- 2
Monsenor Oscar Romero Charter Middle School
Public | 6 - 8
- 1
Audubon Middle School
Public | 6 - 8
- 1
Johnnie Cochran Jr. Middle School
Public | 6 - 8
- 1
Global Education Academy Middle School
Public | 6 - 8
- 1
Berendo Middle School
Public | 6 - 8
- 1
Young Oak Kim Academy
Public | 6 - 8
- 9
Alliance Dr. Olga Mohan High School
Public | 9 - 12
- 9
Downtown Business High School
Public | 9 - 12
- 8
Wallis Annenberg High School
Public | 9 - 12
- 8
Orthopaedic Hospital
Public | 9 - 12
- 7
Frederick Douglass Academy High School
Public | 9 - 12
- 7
Central City Value
Public | 9 - 12
- 7
Camino Nuevo High No. 2
Public | 9 - 12
- 7
Animo Jackie Robinson High School
Public | 9 - 12
- 7
Alliance College-Ready Academy High No. 16
Public | 9 - 12
- 7
Student Empowerment Academy
Public | 9 - 12
- 7
Ramon C. Cortines School of Visual and Performing
Public | 9 - 12
- 6
Crenshaw Arts-Technology Charter High School
Public | 9 - 12
- 6
Usc Hybrid High School
Public | 9 - 12
- 6
Animo Ralph Bunche High School
Public | 9 - 12
- 5
Belmont Sh-la Teacher Preparatory Academy
Public | 9 - 12
- 5
Camino Nuevo Charter High School
Public | 9 - 12
- 5
Roybal Learning Center
Public | 9 - 12
- 4
RFK Community Schools - Los Angeles High School of the Arts
Public | 9 - 12
- 4
Santee Education Complex
Public | 9 - 12
- 4
Miguel Contreras Learning Complex - School of Business & Tourism
Public | 9 - 12
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