5369 W Pico

  • $2,175,000
Sold Los Angeles, Mid-Town
5369 W Pico Blvd, Los Angeles, CA 90019, USA
5369 West Pico Boulevard lower unit 5369 West Pico Boulevard lower unit 5369 West Pico Boulevard lower unit 5369 West Pico Boulevard lower unit 5369 West Pico Boulevard lower unit makeup room 5369 West Pico Boulevard lower unit wardrobe room 5369 West Pico Boulevard lower unit office 5369 West Pico Boulevard lower unit bathroom 1 5369 West Pico Boulevard lower unit bathroom 2 5369 West Pico Boulevard lower unit bathroom 3 5369 West Pico Boulevard upper unit gym 5369 West Pico Boulevard upper unit gym 5369 West Pico Boulevard upper unit gym 5369 West Pico Boulevard front of building 5369 West Pico Boulevard front of building 5369 West Pico Boulevard drone photo 5369 West Pico Boulevard drone photo 5369 West Pico Boulevard drone photo 5369 West Pico Boulevard drone photo 5369 W Pico Blvd Floor Plan
  • 5087
  • Building SqFt
  • $451.94
  • Price/Sq Ft
  • 1960
  • Year Built
Sold
5369 W Pico Blvd, Los Angeles, CA 90019, USA
  • $2,175,000

Overview

  • 5087
  • Building SqFt
  • $451.94
  • Price/Sq Ft
  • 1960
  • Year Built

Description

Sale Details:

• Sale Price: $2,175,000
• Sold at 95% of list price
• Seller client is performing a 1031 exchange
• Tiao Properties helped client identify a replacement property before close of escrow
• Client is in escrow on replacement property

If you need help with a 1031 exchange or have questions about selling your property — please contact us (866) 952-1031.

 

Property Details:
• Short distance to several restaurants/businesses along W Pico Blvd and stone’s throw to The Grove and Melrose
• Centrally located in Mid-Town with easy access to 10 Fwy, West Hollywood, Beverly Hills, Culver City, and DTLA
• Delivered vacant, the first floor is currently used for photo shoots, video production, and podcasts and has several offices, bathrooms, make-up room, and sound booth
• Second Floor currently leased to private gym operator
• The first floor flex space has two-story high ceilings-building has four parking spaces total
• Estimated income* gives a GRM of 16.83 and a cap rate of 5.32%
*income of lower space estimated at $2.25/SF-currently used by owner **Property information/SF deemed to be reliable but not guaranteed. Buyer is advised to independently verify the accuracy of all information

 

Investment Highlights:

• Short distance to several restaurants/businesses along W Pico Blvd and stone’s throw to The Grove and Melrose

• Delivered vacant, the first floor is currently used for photo shoots, video production, and podcasts and has several offices, bathrooms, make-up room

• The first floor flex space has two-story high ceilings-building has four parking spaces total

• Centrally located in Mid-Town with easy access to 10 Fwy, West Hollywood, Beverly Hills, Culver City, and DTLA

• Second Floor currently leased to private gym operator

Details

  • Property Type: Commercial, Multifamily
  • Property Status: Sold
  • Property Size: 5087 Sq Ft
  • Year Built: 1960
  • Price: $2,175,000
  • Number of Units: 2
  • Price/SqFt: $451.94
  • CAP: 5.20

Video

  • Address 5369 W Pico Blvd
  • City Los Angeles
  • State/county California
  • Zip/Postal Code 90019
  • Area Mid-Town

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