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
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW25085341
  • 04/18/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • SQFT • 6,240

Home Details

INVESTOR’S DREAM ON PICO BLVD, FULLY LEASED RETAIL STRIP WITH STRONG RETURNS, 2271–2281 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 ANGELES’ 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
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 2271 W Pico Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeClothing, Commercial, FoodAndBeverage, IceCreamFrozenYogurt, PetStore, Restaurant, Retail, StripMall, SportingGoods, Variety
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Current UseCommercial
DirectionsPico Blvd & Magnolia Ave
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet6720.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Occupancy TypeTenant
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built1922
Year Built SourceAssessor
ZoningLAC2

Exterior for 2271 W Pico Boulevard

Building Area Total6240.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre, RectangularLot
Lot Size Acres0.1543
Lot Size Area6720.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,500,000
MLS#PW25085341
List Date 04/18/2025
Property Type Commercial
Phone 714.742.6515
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Request Info
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