3201 E Pico Boulevard, Los Angeles, CA 90023
Commercial property · 2 recorded sales since 2017
Sold June 2024
Listing Agent: Jinghang Martin (DRE #01971551) · Listing Office: Advanced Real Estate Agency Inc · Contact: 818-731-5668 · Bought with: Maria Gutierrez · THE ASSOCIATES REALTY GROUP · MLS #OC24060765 · Source: CRMLS
About this commercial property
Two units!!! This mixed-use property presents a rare and valuable opportunity for ambitious entrepreneurs and investors/ developers. This property boasts excellent visibility with significant street signage, perfect for capturing the attention of the high foot traffic in the area. The front unit of the building is currently in shell condition. It needs work / repairs, but open space is an ideal setting for a creative build-out that could cater to a variety of commercial uses (Buyers can verify city or county with regard to their intended use). In contrast, the back unit is currently occupied by a long-term tenant, although the current lease is month-to-month and well below the market rate, it presents a potential for growth in rental income, with the opportunity to renegotiate terms that align more closely with area averages.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history
