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Vacant-User

2761 W Pico Blvd

2761 W Pico Blvd, Los Angeles, CA 90006

Listing Price: $2,175,000

Gross SF
7,094
Rentable SF
6,834
Price/Gross SF
$306.60
Lot Size
0.16 acres
Year Built
1922

Investment Overview

Marcus & Millichap is pleased to present 2761 West Pico Boulevard, a 7,094 SF Owner-User, Retail Value Add, or Redevelopment Opportunity in Mid-City’s Harvard Heights neighborhood on the corner of Pico & S. Mariposa Avenue. There is one tenant on month-to-month net lease paying $7,000 per month plus billboard income of $70 per month. This development lot is zoned C2-1 in a Tier 2 TOC, with an opportunity to build up to 29 units utilizing the TOC benefits Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units continues to increase year-over-year in this submarket with such close proximity to job and educational opportunities in Downtown Los Angeles, as well as the numerous transportation options available for an easy commute throughout the city. The subject property is centrally located with easy access to the Western Ave Metro Expo Line and the Santa Monica Freeway.

Investment Highlights

  • 2761 West Pico Boulevard is an Owner-User, Retail Value Add, or Redevelopment Opportunity in Mid-City's Harvard Heights neighborhood on the Corner of Pico & S Mariposa Avenue
  • There is one tenant on month-to-month net lease paying $7,000 per month plus billboard income of $70 per month
  • +/- 7,094 SF development lot zoned C2-1 in a Tier 2 TOC
  • Opportunity to build up to 29 units utilizing the TOC benefits
  • Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units continues to increase year-over-year in this submarket with such close proximity to job and educational opportunities in Downtown Los Angeles, as well as the numerous transportation options available for an easy commute throughout the city. The subject property is centrally located with easy access to the Western Ave Metro Expo Line and the Santa Monica Freeway.

Exclusively Listed By

Financing By

Listing Price: $2,175,000

Gross SF
7,094
Rentable SF
6,834
Price/Gross SF
$306.60
Lot Size
0.16 acres
Year Built
1922

Investment Highlights

  • 2761 West Pico Boulevard is an Owner-User, Retail Value Add, or Redevelopment Opportunity in Mid-City's Harvard Heights neighborhood on the Corner of Pico & S Mariposa Avenue
  • There is one tenant on month-to-month net lease paying $7,000 per month plus billboard income of $70 per month
  • +/- 7,094 SF development lot zoned C2-1 in a Tier 2 TOC
  • Opportunity to build up to 29 units utilizing the TOC benefits
  • Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units continues to increase year-over-year in this submarket with such close proximity to job and educational opportunities in Downtown Los Angeles, as well as the numerous transportation options available for an easy commute throughout the city. The subject property is centrally located with easy access to the Western Ave Metro Expo Line and the Santa Monica Freeway.

Investment Overview

Marcus & Millichap is pleased to present 2761 West Pico Boulevard, a 7,094 SF Owner-User, Retail Value Add, or Redevelopment Opportunity in Mid-City’s Harvard Heights neighborhood on the corner of Pico & S. Mariposa Avenue. There is one tenant on month-to-month net lease paying $7,000 per month plus billboard income of $70 per month. This development lot is zoned C2-1 in a Tier 2 TOC, with an opportunity to build up to 29 units utilizing the TOC benefits Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units continues to increase year-over-year in this submarket with such close proximity to job and educational opportunities in Downtown Los Angeles, as well as the numerous transportation options available for an easy commute throughout the city. The subject property is centrally located with easy access to the Western Ave Metro Expo Line and the Santa Monica Freeway.

Exclusively Listed By

Financing By

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