Mixed-Use

212 E Pico Blvd

212 E Pico Blvd, Los Angeles, CA 90015

Listing Price: $2,626,000

Cap Rate
0.20%
Gross SF
7,220
Rentable SF
7,220
Price/Gross SF
$363.71
Lot Size
0.08 acres
Year Built
1989

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 212 E. Pico Blvd, a 2-story 7,220 square foot, Mixed-Use (Office/Retail) building. The property is located in the center of the Fashion District in Downtown Los Angeles, just east of Los Angeles Street, and west of the famous Santee Street. The subject property is located two blocks from the Santee Alley, four blocks from the City Market Development, and less than one mile away from STAPLES Center & LA Live. The subject property is zoned M2-2D and is located within a Tier 3 Transit Oriented Community (TOC), offering tremendous development opportunity in the future. There are a number of new developments in the immediate area, including City Market, Flower Market, 7th & Maple, Maxfield Lofts, 1100 Main, Gerry Building, Norton Building, and 732 S Spring. 212 E. Pico is also in a Qualified Opportunity Zone, which offers tremendous long-term tax benefits. Retail in Downtown LA is undergoing a renaissance of its own, with a growing mix of national brands, upscale boutiques, and distinct local offerings, all finding their own place in a community where fashion and food, art and culture, community and commerce have converged in a celebration of urban living. The LADOT DASH Downtown Route E is a local bus route that has bus stop just outside of the property.

Investment Highlights

  • Ideal Owner-User Investor Opportunity
  • Excellent Downtown Los Angeles Location
  • Dense Los Angeles County Sub-Market

Exclusively Listed By

Listing Price: $2,626,000

Cap Rate
0.20%
Gross SF
7,220
Rentable SF
7,220
Price/Gross SF
$363.71
Lot Size
0.08 acres
Year Built
1989

Investment Highlights

  • Ideal Owner-User Investor Opportunity
  • Excellent Downtown Los Angeles Location
  • Dense Los Angeles County Sub-Market

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 212 E. Pico Blvd, a 2-story 7,220 square foot, Mixed-Use (Office/Retail) building. The property is located in the center of the Fashion District in Downtown Los Angeles, just east of Los Angeles Street, and west of the famous Santee Street. The subject property is located two blocks from the Santee Alley, four blocks from the City Market Development, and less than one mile away from STAPLES Center & LA Live. The subject property is zoned M2-2D and is located within a Tier 3 Transit Oriented Community (TOC), offering tremendous development opportunity in the future. There are a number of new developments in the immediate area, including City Market, Flower Market, 7th & Maple, Maxfield Lofts, 1100 Main, Gerry Building, Norton Building, and 732 S Spring. 212 E. Pico is also in a Qualified Opportunity Zone, which offers tremendous long-term tax benefits. Retail in Downtown LA is undergoing a renaissance of its own, with a growing mix of national brands, upscale boutiques, and distinct local offerings, all finding their own place in a community where fashion and food, art and culture, community and commerce have converged in a celebration of urban living. The LADOT DASH Downtown Route E is a local bus route that has bus stop just outside of the property.

Exclusively Listed By

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