Properties

Los Angeles, CA 90006 2271 W Pico Boulevard

2271 W Pico Boulevard Los Angeles, CA - Image 12271 W Pico Boulevard Los Angeles, CA - Image 22271 W Pico Boulevard Los Angeles, CA - Image 3
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2271 W Pico Boulevard Los Angeles, CA - Image 42271 W Pico Boulevard Los Angeles, CA - Image 52271 W Pico Boulevard Los Angeles, CA - Image 62271 W Pico Boulevard Los Angeles, CA - Image 7
Presented By: Lena Byun with New Star Realty & Investment; 213-760-0044
  • MLS# PW25085341
  • 04/18/2025
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  • SQFT • 6,240

Home Details

INVESTORโ€™S DREAM ON PICO BLVD, FULLY LEASED RETAIL STRIP WITH STRONG RETURNS, 2271โ€“2281 W PICO BLVD, LOS ANGELES, CA 90006. THIS IS A RARE OPPORTUNITY TO ACQUIRE A 100% LEASED, HIGH-PERFORMING RETAIL CENTER IN THE HEART OF ONE OF LOS ANGELESโ€™ BUSIEST COMMERCIAL CORRIDORS. WITH RENTAL INCOME AND 3% ANNUAL INCREASES, THIS ASSET DELIVERS A STRONG CAP RATE OF OVER 6%, BACKED BY LONG-TERM, STABLE TENANTS AND ZERO VACANCY. THE PROPERTY CONSISTS OF SIX STREET-FACING RETAIL UNITS, ANCHORED BY A WELL-KNOWN PERUVIAN ROTISSERIE CHICKEN RESTAURANT THAT DRAWS CONSISTENT FOOT TRAFFIC. ADDITIONAL TENANTS INCLUDE A BICYCLE SHOP, NAIL SALON, ICE CREAM SHOP, BOUTIQUE FASHION STORE, OPTICAL SHOP, AND A DOLLAR STORE. ALL TENANTS TO ARE ON MODIFIED GROSS LEASES, COVERING THEIR OWN UTILITIES AND MAINTENANCE, WHICH ENSURES MINIMAL LANDLORD RESPONSIBILITIES AND MAXIMUM NET INCOME. SITUATED ON HIGH-VISIBILITY PICO BLVD, THE PROPERTY BENEFITS FROM STRONG VEHICLE AND PEDESTRIAN TRAFFIC DAILY. THE ROOF WAS REPAIRED IN 2024, ADDING FURTHER VALUE AND REDUCING NEAR-TERM CAPITAL NEEDS. THIS IS A TURNKEY, INCOME-PRODUCING INVESTMENT WITH BUILT-IN RENTAL GROWTH, IDEAL FOR INVESTORS SEEKING RELIABLE CASH FLOW, LONG-TERM APPRECIATION, OR A SOLID 1031 EXCHANGE REPLACEMENT. A STRATEGIC ADDITION TO ANY PORTFOLIO. PLEASE DO NOT DISTURB TENANTS. DRIVE BY ONLY.
Presented By: Lena Byun with New Star Realty & Investment; 213-760-0044

Interior Features for 2271 W Pico Boulevard

Other Interior Features

LivingAreaSourceAssessor
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 2271 W Pico Boulevard

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Business TypeClothing, Commercial, Food & Beverage, Ice Cream/Frozen Yogurt, Pet Store, Restaurant, Retail, Strip Mall, Sporting Goods, Variety
CityLos Angeles
CountyLos Angeles
Current UseCommercial
DirectionsPico Blvd & Magnolia Ave
Land Lease Y/NNo
Lease Considered Y/NNo
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet6720
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
Number Of Units Total6
Number of Units Leased6
Occupancy TypeTenant
PostalCityLOS ANGELES
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercial Sale
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1922
Year Built SourceAssessor
ZoningLAC2

Exterior for 2271 W Pico Boulevard

Building Area Total6240
Lot Features6-10 Units/Acre, Rectangular Lot
Lot Size Acres0.1543
Lot Size Area6720
Lot Size SourceAssessor
Number of Buildings1
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,500,000
MLS#PW25085341
List Date 04/18/2025
Property Type Commercial
Phone 888.795.6274
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