4605-4619 W Pico Blvd
Retail | 5,520 SqFt
Marketing description
4605-4619 W. Pico Boulevard presents an opportunity in the Park Mile/ Mid-Wilshire corridor of central Los Angeles. The asset includes a 5,520 SF automotive service and collision-repair improvement on an approximately 16,254 SF consolidated C4-1-O commercial lot, creating an unusually high land-to-building ratio and a true covered-land profile.
The current use provides operational utility today through autoservice infrastructure, spray booth / paint-mixing capability, customer access, parking, and seller-represented business revenue. The long-horizon story is the TOC Tier 4 development option: the site can be underwritten for 40 base units or up to 73 units on a qualifying TOC Tier 4 incentive path (conceptual screen only; final yield subject to architect massing, setback compliance, and affordability election).
It is positioned for a buyer who can capture at least one of three value tracks: owner-occupied control, strategic collision / auto-service acquisition value, or future development optionality with interim income.
Investment highlights
- Prime Pico Corridor Covered Land - 16,254 SF lot with only 5,520 SF of improvements, producing a 2.94:1 land-to building ratio in central Los Angeles.
- Owner-Operator Utility - Existing auto-service / collision infrastructure, parking, frontage, and customer access support an operator that values control more than passive yield.
- Strategic Acquirer Appeal - Collision and auto-service consolidators can underwrite DRP relationships, equipment, location control, and corporate-credit synergies beyond SBA DSCR.
- TOC Tier 4 Optionality - approximately 40 base units or 73 units on a qualifying Tier 4 incentive path.
- Flexible Exit Structures - Combined sale, owner-operator purchase, strategic sale, leaseback structure, or covered-land hold can each be tested through the process.
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