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26688506
26688504

2596 W Pico Blvd, Los Angeles, CA 90006

DM
CA CA - 01029938
CBRE - Downtown Los Angeles
DD
CA 02210049
CBRE - Downtown Los Angeles
SM
CA 02224981
CBRE - Downtown Los Angeles
Listed by CBRE - Downtown Los Angeles
$4,199,000
281 days on market
Updated 69 days ago

2596 W Pico Blvd

Details
APN 5075-005-001
Property Type Retail, Multifamily
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 7,571
Units 2
Occupancy 100%
Tenancy Multi
Lease Type Gross
Class B
Year Built 1905
Lot Size (SqFt) 8,059
Zoning C2-2, City of L.A.
Investment Type Owner/User

RETAIL INVESTMENT FOR SALE • LOCAL GROCERY • 2 UNIT APARTMENT

Marketing description

This sale includes 2 properties, a retail store at 2596 W. Pico and a 2-unit apartment at the subject address. The properties are fully leased but can be available for an owner-user. Price and terms are negotiable. Pico boulevard remains a very strong retail corridor with lots of neighboring national and local retail credit tenants. Close to Loyola High School and the busy intersection of Pico and Vermont. High traffic area with great visibility.

This opportunity at 2596 W. Pico is the ideal destination for the forward-thinking investor. Located at the southern entry to Koreatown, this multi-tenant property boasts unparalleled upside in a corridor with national credit brands and LA’s best local favorites. New housing developments, retail, and an expanding consumer base – this location is seeing more density and disposal income from its residents. As part of LA’s Koreatown, this dynamic neighborhood comes alive at all hours, featuring a labyrinth of bistros, 24-hour restaurants, coffee shops, boutique hotels, and endless shopping options. The property was constructed with clear-span interiors, so there are no structural columns to obstruct the designs or layout of your retail tenants. This makes the space ideal for showrooms, cafes, and numerous retail offerings. Join national and local tenants such as McDonald’s, Subway, Bank of America, and local favorites Papa Cristos, Dino’s Famous Chicken and countless others. This submarket will continue to attract a strong retail tenant user base as the market brings in new residential development and continues its strong consumer spending.


Investment highlights

  • 2 buildings on 1 parcel - Grocery store and apartment building
  • Located 1 block away from Loyola High School
  • High population density - Over 620,000 people in a 3-mile radius and over 1,200,000 people in a 5-mile radius
  • Walker's paradise
  • Located on a hard corner with high traffic counts
  • Strong surrounding tenants such as AutoZone, 7-Eleven, and more
  • Close proximity to USC, Crypto Arena, and LA Convention Center
  • Tier 3 Designation
  • Low rent with high upside potential
  • Direct Access to the 110 freeway and 10 freeway
  • Located on a hard corner that sees over 25,000 VPD
  • Located 1 block away from Loyola High School
  • Strong surrounding tenants such as AutoZone, 7-Eleven, and more
  • High population density – Over 620,000 people in 3-mle radius and over 1,200,000 people in 5-mile radius
  • Close proximity to USC, Crypto Arena, and LA Convention Center

Listing Contacts

DM
CA CA - 01029938
CBRE - Downtown Los Angeles
DD
CA 02210049
CBRE - Downtown Los Angeles
SM
CA 02224981
CBRE - Downtown Los Angeles
Listed by CBRE - Downtown Los Angeles

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Additional Information

Name
Derrick Moore
License
CA - 01029938
Brokerage
CBRE
Title
Senior Vice President
Name
Diandra Dillon
License
02210049
Brokerage Phone
2136133222
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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