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Urban-High Street

Fashion District - Pico Blvd and Santee Ave - 3 Showrooms (One Built Out as a Café)

221 E Pico Blvd, Los Angeles, CA 90015

Listing Price: $3,800,800

Cap Rate
0.03%
Gross SF
9,800
Rentable SF
9,800
Price/Gross SF
$387.84
Lot Size
0.17 acres
Year Built
1926

Investment Overview

This sale offers the opportunity to purchase a multi-tenant retail property in a desirable location in the Downtown Los Angeles Fashion District. Two of the three units are currently vacant, and one unit has a short-term lease, offering the opportunity for owner/users to purchase the property for their own use, and for investors to purchase a prime downtown asset with the ability to lease it up at market rents. The subject property, located at 221-227 East Pico Boulevard, is situated in a well-trafficked area of the Fashion District between Santee Street and Los Angeles Street. Pico Boulevard has over 9,000 vehicles per day at this location and has desirable foot traffic due to its proximity to public transportation and Santee Alley as well as its location within the Fashion District. The site is 4 blocks from the freeway, 5 blocks from the San Pedro Wholesale Mart, 1 block from Santee Alley, across the street from a stop on Dash Route E and less than 1 mile from the Staples Center. The structure is configured as a three-tenant building. The building has 50’ of street frontage on Pico Boulevard with a total of 9,800 SF of rentable building area. There are three ground-level suites (7,501 SF) as well as a second story (2,299 SF) that is accessed from suite 221. Suite 221 and the second story is currently occupied on a short-term lease. Suite 223 and 227 are vacant. Suite 227 has been built out as a restaurant with tasteful finishes and high-end equipment, including a refrigerator, freezer and ADA restrooms. Suite 227 is in turnkey condition for a restaurant owner/tenant, and, due to the configuration of the neighboring buildings which are set further back from the street, is highly visible from Santee and Pico. 221-227 East Pico Boulevard offers the opportunity to purchase a well-maintained retail property in a prime Downtown Los Angeles Fashion District location. The property is suitable for owner/users and investors alike and offers desirable long-term value.

Investment Highlights

  • Prime Downtown Los Angeles Fashion District Property
  • Three Units – Two Vacant, One Occupied on Short-Term Lease
  • One Unit Built Out as a Restaurant – Tasteful Finishes and High-Quality Equipment
  • High-Visibility Location on Pico Blvd
  • Great Foot Traffic + 9,000 Vehicles per Day
  • Suitable for Owner/Users and Investors

Exclusively Listed By

Urban-High Street

Fashion District - Pico Blvd and Santee Ave - 3 Showrooms (One Built Out as a Café)

Listing Price: $3,800,800

Cap Rate
0.03%
Gross SF
9,800
Rentable SF
9,800
Price/Gross SF
$387.84
Lot Size
0.17 acres
Year Built
1926

Investment Highlights

  • Prime Downtown Los Angeles Fashion District Property
  • Three Units – Two Vacant, One Occupied on Short-Term Lease
  • One Unit Built Out as a Restaurant – Tasteful Finishes and High-Quality Equipment
  • High-Visibility Location on Pico Blvd
  • Great Foot Traffic + 9,000 Vehicles per Day
  • Suitable for Owner/Users and Investors

Investment Overview

This sale offers the opportunity to purchase a multi-tenant retail property in a desirable location in the Downtown Los Angeles Fashion District. Two of the three units are currently vacant, and one unit has a short-term lease, offering the opportunity for owner/users to purchase the property for their own use, and for investors to purchase a prime downtown asset with the ability to lease it up at market rents. The subject property, located at 221-227 East Pico Boulevard, is situated in a well-trafficked area of the Fashion District between Santee Street and Los Angeles Street. Pico Boulevard has over 9,000 vehicles per day at this location and has desirable foot traffic due to its proximity to public transportation and Santee Alley as well as its location within the Fashion District. The site is 4 blocks from the freeway, 5 blocks from the San Pedro Wholesale Mart, 1 block from Santee Alley, across the street from a stop on Dash Route E and less than 1 mile from the Staples Center. The structure is configured as a three-tenant building. The building has 50’ of street frontage on Pico Boulevard with a total of 9,800 SF of rentable building area. There are three ground-level suites (7,501 SF) as well as a second story (2,299 SF) that is accessed from suite 221. Suite 221 and the second story is currently occupied on a short-term lease. Suite 223 and 227 are vacant. Suite 227 has been built out as a restaurant with tasteful finishes and high-end equipment, including a refrigerator, freezer and ADA restrooms. Suite 227 is in turnkey condition for a restaurant owner/tenant, and, due to the configuration of the neighboring buildings which are set further back from the street, is highly visible from Santee and Pico. 221-227 East Pico Boulevard offers the opportunity to purchase a well-maintained retail property in a prime Downtown Los Angeles Fashion District location. The property is suitable for owner/users and investors alike and offers desirable long-term value.

Exclusively Listed By

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