Description
Maher Commercial Realty is pleased to present this rare opportunity to purchase a mixed use retail/office/showroom building in the heart of West Los Angeles at only $407/SF. This presents a significant discount compared to retail building sales on Pico in West LA in the last 3 years, which have sold at an average of $830/SF, and an average of $696/SF for office.
Potentially six units are available in this +/-9,200 square foot building located on the southwest corner of Pico Blvd. and Barrington Avenue. An investor can benefit from acquiring a West LA asset at an attractive price/SF basis and maximize income. Owner/users can utilize attractive SBA financing and benefit from the building’s high visibility and coveted location to grow their brand.
The property is also proximate to the 10/405 Freeway interchange and surrounded my major industries including Google and Riot Games. The property is a block away from popular restaurants including Don Antonio’s, Neat, Sorry Not Sorry and Yabu. TraderJoe’s and Whole Foods are also nearby.
Property Features:
- List Price: $3,750,000
- Building Size: 9,200 Sq.Ft.
- Lot Size: 5,495 Sq.Ft.
- Price Per Sq.Ft.: $407.00
- Zoning: LAC2 TOC Tier 3
- Parking: 6 Spaces
- Amenities: Parking, Billboard Income, High Visibility
