10743 W Pico Blvd

Los Angeles, CA 90064 View Map $2,500,000 Ask a Question
Sq.Ft. Lot4,677
Year1948
10743 W Pico Blvd Los Angeles, CA 90064 | MLS SB22256915 Photo 1
10743 W Pico Blvd Los Angeles, CA 90064 | MLS SB22256915 Map
Victoria Babilonia & Lauren Perreault

Victoria Babilonia & Lauren Perreault

(310) 291-8048

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Christopher Cadiz

(909) 821-1496
Senior Loan Officer

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Status: Sold
Property Type:Special Purpose
MLS #:SB22256915
Date Sold:5/3/2023
Lot Size:4,677 Sq. Ft.
County:Los Angeles
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.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/3/2023$2,900,000$2,500,000-13.8%

Community Information

Address:10743 W Pico Blvd, Los Angeles, CA 90064
Area:C05 - Westwood - Century City
County:Los Angeles
City:Los Angeles
Zip Code:90064

Features / Amenities

Entry Level: 1
Open Parking Spaces: 10.0
Parking Total: 10.0

Property Features

Lot Size: 0.11 Acres / 4,677 Sq. Ft.
Lot Dimensions:42.73x110
Lot Features: NoLandscaping, Near Public Transit
Water: Public
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
Terms: Item1031Exchange

Listing Agent/Office

Agent:Martins Leikarts
Office:RE/MAX Estate Properties
Broker Phone:310-717-7577

Schools

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Based on information from California Regional Multiple Listing Service, Inc. as of July 23, 2024. 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.
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