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3601-3607 W Pico Blvd
Los Angeles, CA 90019 Arlington Heights

$3,995,000 USD

Bar For Sale  •  5,850 SF

Property Details

  • Property Type Bar
  • Total Building Size 5,850 SF
  • Lot Size 0.36 AC
  • Building Class B
  • Year Built 1994
  • Cap Rate 5.68 %
  • Tenancy Multiple
  • Zoning LAC4-1
64 Transit Score
89 Walk Score

Highlights

C4-1 zoning, potential development
The site is fully occupied with seasoned tenants with potential for rental upside
Opportunity to occupy the premises to obtain SBA/Conventional financing (up to 90% LTV)
Situated on the corner of Pico Boulevard and 3rd Avenue, the property offers ample parking and high visibility
Nearby attractions include The Grove, Koreatown, LACMA and the La Brea Tar Pits
Occupancy: 100% - W/ Restaurants Tenants and Diversified Tenant Mix
Cap Rate: 5.68 %

Amenities

  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
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)) 13 min - 7.0 mi
AirportDriveWalkDistance
Bob Hope 30 min - 13.4 mi
Los Angeles International 23 min - 19.3 mi
Long Beach (Daugherty Field) 29 min - 25.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Elizabeth Clark 310-740-7283 Kidder Mathews
Elizabeth Clark 310-740-7283 Kidder Mathews