Overview
- 5087
- Building SqFt
- $451.94
- Price/Sq Ft
- 1960
- Year Built
Description
Sale Details:
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
Open on Google Maps- Address 5369 W Pico Blvd
- City Los Angeles
- State/county California
- Zip/Postal Code 90019
- Area Mid-Town
