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2500 W Pico Blvd
Los Angeles, CA 90006 Harvard Heights

$4,750,000 USD

Storefront Retail Residential For Sale • 17,624 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 17,624 SF
Lot Size 0.28 AC
Building Class C
Year Built 1922
Cap Rate 7.94 %
Tenancy Multiple
Zoning C2-2D-CPIO

69 Transit Score

93 Walk Score

                
                    Highlights
                
                                Stabilized Leased Investment / In-place Cap Rate 7.25%  
                            
                                Excellent Foot Traffic and Density 
                            
                                Anchor Tenant - 18.28% of Operating Expenses Absorbed by NNN Lease (Buyer to Implement) 
                            
                                15 - 2nd Floor Upstairs Unit Mix: (6) Studios & (9) 1 Bedroom + 1 Bath  
                            
                                Tremendous Visibility, Exposure, and Frontage - Strong Pico-Union Location 
                            
                                .67 Miles North of 10 Freeway and 1 Mile Away from 110 Freeway - Next to Loyal High School

Financial Summary (Actual)

Net Operating Income: $376,915 USD (2024)

Cap Rate:	7.94 %
Total Expenses:	$135,410 USD

Amenities

Corner Lot
Property Manager on Site
Restaurant
Signage
Skylights
Balcony
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	9 min	-	4.1 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	4.4 mi
Airport	Drive	Walk	Distance
Los Angeles International	22 min	-	12.9 mi
Bob Hope	23 min	-	13.4 mi
Long Beach (Daugherty Field)	31 min	-	22.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Jay Martinez 310-658-3375 Kidder Mathews

2500 W Pico Blvd Los Angeles, CA 90006 Harvard Heights