8921 W Pico Blvd
West LA Value Add Retail
Marketing description
Northmarq is pleased to present the exclusive opportunity to acquire 8921 West Pico Boulevard, a premier single-tenant retail asset in the heart of the Pico Robertson neighborhood. This offering represents a rare blank canvas for an owner user or investor, as the property will be delivered vacant, providing immediate control and the flexibility to customize the space without the constraints of an existing lease.
Strategically positioned in a high-barrier-to-entry West Los Angeles corridor, the asset benefits from exceptional frontage and visibility along Pico Boulevard, a primary thoroughfare that captures heavy daily foot traffic and significant commuter exposure.
The location is bolstered by dense, affluent demographics and its immediate proximity to Beverly Hills and Century City, making it a perfect fit for a high-end restaurant, flagship retail storefront, or service-oriented uses.
Ultimately, 8921 West Pico Boulevard offers a compelling combination of immediate execution potential and long-term appreciation in one of Los Angeles' most resilient submarkets.
Please contact the listing brokers for more details.
Investment highlights
Prime Pico-Robertson Positioning: The property sits at the epicenter of the Pico-Robertson corridor, a submarket characterized by "generational ownership" and extremely low turnover. This is not just a retail street, it is a cultural and community hub with a Walk Score of 94/100, ensuring consistent foot traffic.
Zoning Alpha: C4-1VL-O Development Upside: The current zoning is a powerful "Covered Land Play." While it currently functions as a single-story retail asset, the 1VL (Very Limited) height designation and C4 zoning allow for a floor area ratio (FAR) that could support a multi-story mixed-use project.
Exceptional Consumer Demographics: The 3-mile radius isn't just dense; it’s affluent. With a population of over 324,000, the area captures high-disposable-income households from both Beverlywood and South Beverly Hills. This demographic profile is ideal for "internet-resistant" tenants such as medical offices, high-end fitness studios, or specialty food services.
Infrastructure & Connectivity Advantage: Pico Boulevard serves as one of the primary east-west arteries connecting Santa Monica to Downtown LA. The property benefits from its proximity to major transit corridors and the 10 Freeway, making it an easy-to-reach destination for customers and a convenient hub for owner-users.
Owner-User Financing Potential: Since the property will be delivered vacant, it is a prime candidate for SBA financing. A business owner can acquire the asset with as little as 10% down, essentially "locking in" their occupancy costs and building equity rather than paying rent in a high-demand market.
Synergistic Portfolio Value: Offering 8921 Pico alongside 1147-51 South Swall Drive creates a rare opportunity to control a diversified footprint in 90035. The combination of a commercial thoroughfare asset (Pico) and a residential-adjacent asset (Swall) allows an investor to hedge across different asset classes within the same high-barrier-to-entry micro-market.
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