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3006-3012 W Pico Blvd 4,800 SF 50% Leased Retail Building Los Angeles, CA 90006 $1,847,429 CAD ($384.88 CAD/SF) 4.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail - Residential - Mixed Use - An Excellent Owner-User SBA Loan Opportunity!
- 2nd Floor Apartments include 2 - Two Bedroom One Bath Units (Appx 900sf) and 2 Non-Conforming Studios (Appx. 300sf).
- Parking lot with nine spaces at the rear of the building which can be accessed from Oxford Avenue via an easement
- Two Retail spaces approximately 1,200 sq. ft. each. Both Retail Tenants are Month to Month.
- Please Note that the two original second floor apartments were likely 2 - Three Bedroom Two Bath Units -(Appx 1200sf).
EXECUTIVE SUMMARY
Owner Is Motivated - Bring All Offers!!!
Retail-Residential - Mixed Use - The Subject Property is an Excellent Owner-User SBA Opportunity!!!
Ground Floor Retail - Two Spaces Approximately 1200 sf each. Both Retail Tenants are currently Month to Month Tenants.
The 2nd Floor Apartments include 2 Two Bedroom One Bath Apartments (Appx 900 sf each) and 2 Non-Conforming Studio Apartments (Appx. 300 sf each).
Please Note that the two original second floor apartments were likely 2 Three Bedroom Two Bath Apartments (Appx 1200 sf). Buyer to confirm status.
Additionally, the Subject Property has a parking lot with nine spaces at the rear of the building which can be accessed from Oxford Avenue via a recorded easement in favor of the owner of the Subject Property.
Retail-Residential - Mixed Use - The Subject Property is an Excellent Owner-User SBA Opportunity!!!
Ground Floor Retail - Two Spaces Approximately 1200 sf each. Both Retail Tenants are currently Month to Month Tenants.
The 2nd Floor Apartments include 2 Two Bedroom One Bath Apartments (Appx 900 sf each) and 2 Non-Conforming Studio Apartments (Appx. 300 sf each).
Please Note that the two original second floor apartments were likely 2 Three Bedroom Two Bath Apartments (Appx 1200 sf). Buyer to confirm status.
Additionally, the Subject Property has a parking lot with nine spaces at the rear of the building which can be accessed from Oxford Avenue via a recorded easement in favor of the owner of the Subject Property.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$128,601
|
$26.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,601
|
$26.79
|
| Taxes |
$23,055
|
$4.80
|
| Operating Expenses |
$27,946
|
$5.82
|
| Total Expenses |
$51,001
|
$10.63
|
| Net Operating Income |
$77,600
|
$16.17
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $128,601 |
| Annual Per SF | $26.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $128,601 |
| Annual Per SF | $26.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,055 |
| Annual Per SF | $4.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,946 |
| Annual Per SF | $5.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $51,001 |
| Annual Per SF | $10.63 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $77,600 |
| Annual Per SF | $16.17 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
C
Year Built
1904
Price
$1,847,429 CAD
Price Per SF
$384.88 CAD
Cap Rate
4.22%
NOI
$77,955 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.14 AC
Zoning
C2-1VL - Neighborhood Commercial
Parking
9 Spaces (1.88 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- P G Inc
- Public Administration
- -
- -
- -
- Rigoberto's Tv
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| P G Inc | Public Administration | - | - | - | ||
| Rigoberto's Tv | Services | - | - | - |
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5074-002-008 | Total Assessment | $1,714,049 CAD (2025) |
| Land Assessment | $1,184,254 CAD (2025) | Annual Taxes | $23,055 CAD ($4.80 CAD/SF) |
| Improvements Assessment | $529,796 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5074-002-008
Land Assessment
$1,184,254 CAD (2025)
Improvements Assessment
$529,796 CAD (2025)
Total Assessment
$1,714,049 CAD (2025)
Annual Taxes
$23,055 CAD ($4.80 CAD/SF)
Tax Year
2024
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3006-3012 W Pico Blvd
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