Office Flex
5208 W Pico Blvd
5208 W Pico Blvd, Los Angeles, CA 90019
Listing Price: $2,250,000
Investment Overview
Located at 5208 W Pico Blvd in Los Angeles, this property offers a unique investment opportunity. The building encompasses 3,146 square feet and sits on a 6,183-square-foot lot. Constructed in 1957, it features 11 creative office units complemented by two communal bathrooms. The current parking configuration accommodates nine vehicles. All existing leases are on a month-to-month basis, providing flexibility for potential owner-users or investors considering redevelopment. The zoning designation is LA C4-1, allowing for a Floor Area Ratio (FAR) of 3:1. This permits the development of 16 residential units by right or up to 24 units utilizing Transit Oriented Communities (TOC) Tier 1 incentives. Additionally, the site is eligible for ED-1 incentives, further enhancing its development potential.
5208 W Pico Blvd
Investment Highlights
- Flexible Leasing & Zoning: Month-to-month leases allow for owner-use or redevelopment. LA C4-1 zoning supports 16 units by right or 24 with TOC incentives.
- Development Boom: Surrounded by multiple large-scale residential and mixed-use projects, enhancing area vibrancy and demand.
- Prime Location & Accessibility: Near The Grove, Miracle Mile museums, and Mid-Wilshire, with easy access to I-10, I-405, and public transit.
- With a Walk Score of 91, the property is highly accessible to surrounding neighborhood amenities.
- Affluent Demographics: $162K average household income, strong employment base, and proximity to major employers.
- High Visibility & Growth Potential: Located on a well-trafficked corridor, with national retailers and ongoing neighborhood revitalization.
Exclusively Listed By
Financing By
Listing Price: $2,250,000
Investment Highlights
- Flexible Leasing & Zoning: Month-to-month leases allow for owner-use or redevelopment. LA C4-1 zoning supports 16 units by right or 24 with TOC incentives.
- Development Boom: Surrounded by multiple large-scale residential and mixed-use projects, enhancing area vibrancy and demand.
- Prime Location & Accessibility: Near The Grove, Miracle Mile museums, and Mid-Wilshire, with easy access to I-10, I-405, and public transit.
- With a Walk Score of 91, the property is highly accessible to surrounding neighborhood amenities.
- Affluent Demographics: $162K average household income, strong employment base, and proximity to major employers.
- High Visibility & Growth Potential: Located on a well-trafficked corridor, with national retailers and ongoing neighborhood revitalization.
Investment Overview
Located at 5208 W Pico Blvd in Los Angeles, this property offers a unique investment opportunity. The building encompasses 3,146 square feet and sits on a 6,183-square-foot lot. Constructed in 1957, it features 11 creative office units complemented by two communal bathrooms. The current parking configuration accommodates nine vehicles. All existing leases are on a month-to-month basis, providing flexibility for potential owner-users or investors considering redevelopment. The zoning designation is LA C4-1, allowing for a Floor Area Ratio (FAR) of 3:1. This permits the development of 16 residential units by right or up to 24 units utilizing Transit Oriented Communities (TOC) Tier 1 incentives. Additionally, the site is eligible for ED-1 incentives, further enhancing its development potential.
Exclusively Listed By
Financing By
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