Property Type:Special Purpose
Lot Size:4,677 Sq. Ft.
Office:RE/MAX Estate Properties
OWNER USER / INVESTOR / RETAIL / VALUE ADD OPPORTUNITY PRIME WEST LA LOCATION ON PICO BETWEEN WESTWOOD AND OVERLAND ACROSS THE STREET FROM ONE WESTSIDE (GOOGLE OFFICE HUB) A 584,000-SQUARE-FOOT CLASS A URBAN CREATIVE OFFICE CAMPUS SCHEDULED TO OPEN Q2 2023. GOOGLE HAS SIGNED A 14-YEAR LEASE FOR THE ENTIRETY OF THE FORMER SHOPPING MALL AT 10800 PICO BOULEVARD. CENTRALLY LOCATED IN WEST LA, ADJACENT TO CHEVIOT HILLS, RANCHO PARK AND CLOSE TO CENTURY CITY, WESTWOOD, CULVER CITY, SANTA MONICA, MAR VISTA, BRENTWOOD AND BEVERLY HILLS. PERFECT OWNER-USER OPPORTUNITY. CURRENTLY 100% TENANT OCCUPIED LONG TERM ESTABLISHED TENANTS WITH NO TERM LEASES (ALL TENANTS MONTH-TO-MONTH) 3 SIMILAR SIZE RETAIL UNITS CITY PARKING LOT ACROSS THE ALLEY AND METERED STREET PARKING EASY ACCESS (0.5MILES) TO THE EXPO LINE LIGHT RAIL'S WESTWOOD/RANCHO PARK STATION HIGH TRAFFIC COUNT CLOSE PROXIMITY TO 10 AND 405 FREEWAYS.
Price Change History
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Address:10743 W Pico Blvd, Los Angeles, CA 90064
Area:C05 - Westwood - Century City
Features / Amenities
Entry Level: 1
Open Parking Spaces: 10.0
Parking Total: 10.0
Lot Size: 0.11 Acres / 4,677 Sq. Ft.
Lot Features: NoLandscaping, Near Public Transit
Directions:On Pico between Westwood and Overland
Tax and Financial Info
Tax Year: 2023
Tax Annual Amount: $34,800
Current Financing: Conventional
Cap Rate: 2.87
Gross Scheduled Income: $127,008
Net Operating Income: $83,143
Electric Expense: $1,900
Insurance Expense: $4,165
Trash Expense: $3,000
Operating Expense: $43,865
WALKING AND TRANSPORTATION
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Based on information from California Regional Multiple Listing Service, Inc. as of September 26, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.