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4605-4619 W Pico Blvd, Los Angeles, CA 90019 4619 W Pico Blvd 5,520 SF Retail Building Los Angeles, CA 90019 $5,867,805 CAD ($1,063.01 CAD/SF) 5.67% Cap Rate
Investment Highlights
- Prime Pico Corridor Covered Land - 16,254 SF lot with only 5,520 SF of improvements
- TOC Tier 4 Optionality - approximately 40 base units or 73 units on a qualifying Tier 4 incentive path
- Owner-Operator Utility - Existing auto-service / collision infrastructure
- Flexible Exit Structures - Combined sale, owner-operator purchase, strategic sale, leaseback structure, or covered-land hold
Executive Summary
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 auto service 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.
The current use provides operational utility today through auto service 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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,520 SF
Building Class
C
Year Built
1995
Price
$5,867,805 CAD
Price Per SF
$1,063.01 CAD
Cap Rate
5.67%
NOI
$332,705 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.37 AC
Zoning
C4 - C4-1-O / (C4 allows broad commercial and mixed-use uses; -1 is Height District 1, generally a lower-intensity FAR/height envelope; -O is the Oil Drill
Parking
12 Spaces (3.85 Spaces per 1,000 SF Leased)
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5083-031-085 | Improvements Assessment | $718,219 CAD |
| Land Assessment | $4,211,637 CAD | Total Assessment | $4,929,857 CAD |
Property Taxes
Parcel Number
5083-031-085
Land Assessment
$4,211,637 CAD
Improvements Assessment
$718,219 CAD
Total Assessment
$4,929,857 CAD
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4605-4619 W Pico Blvd, Los Angeles, CA 90019 | 4619 W Pico Blvd
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