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Retail Building Slated For Remodel 1508-1530 W Pico Blvd 1,470 - 10,995 SF of Retail Space Available in Los Angeles, CA 90015
HIGHLIGHTS
- ±10,955 SF Retail Building Pending Remodel
- Potential to Subdivide Into Small Shop Spaces
- A Rare Onsite Parking Lot (In the Rear)
- Seeking Single Tenant Users
- Adjacent to Downtown Los Angeles, Crypt.com Arena, the LA Convention Center + LA Live
- Situated at the Signalized Intersection of Pico Boulevard + Valencia Street
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1512 | 1,470-1,511 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 1516 (A) | 2,338 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 1516 (B) | 2,338 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 1528 | 2,258 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 1st Floor, Ste 1530 | 2,550 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor, Ste 1512
Occupied by J&F Liquor Store, currently on month-to-month lease.
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 1516 (A)
Vacant space
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 1516 (B)
Vacant Space
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 1528
Occupied by El Parian (Restaurant) on month-to-month lease.
- Lease rate does not include utilities, property expenses or building services
1st Floor, Ste 1530
Vacant Space
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 10,995 SF | Property Subtype | Freestanding |
| Min. Divisible | 1,470 SF | Gross Leasable Area | 10,955 SF |
| Property Type | Retail | Year Built | 1976 |
| Total Space Available | 10,995 SF |
| Min. Divisible | 1,470 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,955 SF |
| Year Built | 1976 |
ABOUT THE PROPERTY
SOON-TO-BE-REMODELED RETAIL BUILDING ADJACENT TO DOWNTOWN LOS ANGELES. Situated next to a freestanding O'Reilly Autoparts Store, this 5-unit retail property is slated for a complete interior and exterior rehab. Two of the five units are currently occupied by month-to-month tenants. These tenants can be vacated, and the site could be repositioned as a single tenant building or subdivided into smaller shop spaces. Complemented by a rare onsite parking lot, the superbly located property fronts onto Pico Boulevard, just north of Downtown Los Angeles, a few short blocks from Crypto.com Arena, the LA Convention Center, and LA Live. The steadily gentrifying area ranks among LA's most densely populated regions and boasts rising household income demographics. Retail Shopping Center at the signalized intersection of Pico Boulevard and Valencia Street, just north of Downtown Los Angeles. Prime location adjacent to Crypto.com Arena, the Los Angeles Convention Center, and LA Live, hugely popular destination sites drawing an enormous volume of consumer traffic. Also nearby are a plethora of trendy eateries, gourmet restaurants, and hip night spots, contributing to the steady flow of area visitors. Freeway close, the property offers convenient access to the adjacent 110 + 10 freeways.
- Air Conditioning
NEARBY MAJOR RETAILERS
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Retail Building Slated For Remodel | 1508-1530 W Pico Blvd
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