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Value Add Commercial Investment Opportunity 5990 1/2 W Pico Blvd 8,235 SF Vacant Retail Building Los Angeles, CA 90035 $7,119,192 CAD ($864.50 CAD/SF)
INVESTMENT HIGHLIGHTS
- Price Reduced! Prime West Pico Value Add Investment Opportunity
- Pro Forma $188,070 NOI — 3.69% Cap Rate
- 9 Retail Stores: 8 Units Occupied and 1 Unit Vacant
- Heavy Traffic Corner With Fantastic Exposure
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Green Table Cafe
- Accommodation and Food Services
- -
- -
- -
- India Spices And Grocery
- Retailer
- -
- -
- -
- Levantine Cultural Center
- Retailer
- -
- -
- -
- Steems Hair, Nail & Accessories
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Green Table Cafe | Accommodation and Food Services | - | - | - | ||
| India Spices And Grocery | Retailer | - | - | - | ||
| Levantine Cultural Center | Retailer | - | - | - | ||
| Steems Hair, Nail & Accessories | Services | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Retail store for lease. Part of larger 9-store strip center. Located on Stearns Drive just south of Pico Blvd. Heavy traffic location: 41,263 vehicles per day. Abundant street parking. Prime location between Fairfax Ave & La Cienega Blvd. Net charges = $0.206 per SF per month.
Retail store for lease. Part of larger 9-store strip center. Southeast corner of Pico Blvd and Stearns Dr. Heavy traffic location: 41,263 vehicles per day. Shared customer parking at rear lot off the alley (10± vehicles total) plus abundant street parking. Prime location between Fairfax Ave & La Cienega Blvd. 1,160± SF store with 1 parking space in rear lot off the alley. $3,480 per month ($3.00 per SF NNN). Net charges: $0.206 per SF per month. Possession: May 1, 2025.
| Space | Size | Space Use | Position | Available |
| 1410 Stearns Dr | 500 SF | Retail | - | Now |
| 5994½ | 1,160 SF | Retail | In-Line | Now |
1410 Stearns Dr
| Size |
| 500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5994½
| Size |
| 1,160 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1410 Stearns Dr
| Size | 500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Retail store for lease. Part of larger 9-store strip center. Located on Stearns Drive just south of Pico Blvd. Heavy traffic location: 41,263 vehicles per day. Abundant street parking. Prime location between Fairfax Ave & La Cienega Blvd. Net charges = $0.206 per SF per month.
5994½
| Size | 1,160 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Retail store for lease. Part of larger 9-store strip center. Southeast corner of Pico Blvd and Stearns Dr. Heavy traffic location: 41,263 vehicles per day. Shared customer parking at rear lot off the alley (10± vehicles total) plus abundant street parking. Prime location between Fairfax Ave & La Cienega Blvd. 1,160± SF store with 1 parking space in rear lot off the alley. $3,480 per month ($3.00 per SF NNN). Net charges: $0.206 per SF per month. Possession: May 1, 2025.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5068-012-001 | Improvements Assessment | $875,354 CAD |
| Land Assessment | $218,826 CAD | Total Assessment | $1,094,179 CAD |
PROPERTY TAXES
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Value Add Commercial Investment Opportunity | 5990 1/2 W Pico Blvd
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