1307 Alvarado Terrace, Los Angeles, CA 90006 1900-1914 W Pico Blvd 15,454 SF 56% Leased Retail Building Los Angeles, CA 90006 $5,723,272 CAD ($370.34 CAD/SF) 5.60% Cap Rate

Marcus & Millichap is pleased to offer for sale the rare mixed-use corner asset located at 1900 W Pico Boulevard in the heart of
Westlake, just outside of Downtown Los Angeles, California. The property totals ±15,454 square feet on an ±18,720 square-foot lot
and features seven tenants. It includes six street-facing retail spaces and a vacant rear warehouse, ideal for owner-user occupancy
or additional rental income. Built in 1958, the building offers nearly 200 feet of prime frontage along W Pico Boulevard, with alley
access, a gated entry, and a roll-up door providing convenient access to the rear warehouse. The site also includes 11 surface parking
spaces and allows for flexible access for both customers and deliveries. All tenants are on modified gross leases with
below-market rents, offering significant upside through rental increases and potential NNN conversion. With seller financing
available and strong fundamentals, this property presents a value-add opportunity in one of LA’s most dynamic and transit-connected
neighborhoods.