Los Angeles Retail for Sale - Park Mile
Prime Pico Blvd retail investment opportunity. This fully leased three-unit commercial property is located at 4525–4529 W Pico Blvd in a highly visible Mid-City Los Angeles location near the Lowe’s/Midtown Crossing retail center. The property offers immediate in-place income with three existing commercial tenants and scheduled rents of approximately $4,942.15 per month / $59,305.80 annually.
All tenants are month-to-month, creating valuable flexibility for an investor, owner-user, or value-add buyer. The property offers multiple potential strategies, including holding for income, repositioning the units, pursuing rental upside, or exploring future owner-user occupancy in one or more spaces.
Offered at $1,495,000, this is a strong small-bay retail opportunity in a competitive Los Angeles commercial corridor. Property sold as-is. CASp/accessibility documentation available for buyer review. Buyer to verify all property information, including square footage, lot size, zoning, permits, rents, expenses, parking, accessibility/code compliance, condition, and future improvement feasibility. Do not disturb tenants. Financial information, including rents, expenses, NOI and estimated cap rate, is provided for informational purposes only and is based on seller-provided information and/or available records deemed reliable but not guaranteed. Estimated NOI and cap rate may not include all expenses, future adjustments, vacancies, repairs, capital improvements, reserves, insurance changes, tax reassessments, financing costs, management assumptions, or buyer-specific underwriting items. Broker/Agent makes no representation or warranty as to the accuracy or completeness of any financial figures. Buyer shall independently verify all rents, leases, expenses, NOI, cap rate, zoning, permits, use, condition, accessibility/code compliance, and all other property information during buyer’s due diligence period.