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    5990 1/2 W Pico Blvd Los Angeles, CA 90035

    Sponsored
    Source: https://www.majorproperties.com
    For Sale
    $6,000,000

    8,235 SF on 11,544 SF Value Add West Pico Commercial Investment

    Property size:
    8,235 SF

    Description

    Added:
    Apr 25, 2025
    Days on Market:
    257
    • Prime value-add or repositioning opportunity!
    • 9 retail stores
    • 7 occupied units and 2 vacant units
    • Heavy traffic corner location: 41,263 vehicles per day
    • Includes rear parking lot for 10+ vehicles off the alley
    • Southeast corner of Pico Blvd and Stearns Dr
    • Located between Fairfax Ave and La Cienega Blvd
    • One mile north of the Santa Monica (I-10) Freeway
    • Billboard pays $390 per month (no lease)
    • Monthly water bill is $700± per month (CAM charge)
    • Monthly electric bill is $200± per month (CAM charge)
    • Oil rights not included in the sale

    Property Features for 5990 1/2 W Pico Blvd

    General Information

    Property type
    Shopping centers
    Square Feet
    8,235 SF
    Price / Square Foot
    $728
    Elevators
    N/A
    Net Rentable
    8,235 SF
    Lot Size
    11,544 SF

    Building Details

    Year Built
    1948
    Buildings
    1
    Stories
    1
    Units
    9
    Location Intelligence

    Current Use by Public Records

    5990-1/2 W Pico ... Parking Lot

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -118.3160189
    Latitude
    34.0471717

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    FAQs

    What type of property is this?
    Shopping center - 8,235 SF on 11,544 SF Value Add West Pico Commercial Investment
    Where is this shopping center located?
    The property is located at 5990 1/2 W Pico Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    (213) 804-3013
    Request Owner's contact information
    5990 1/2 W Pico Blvd Los Angeles, CA 90035
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    Los Angeles, CA 90035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5990 1/2 W Pico Blvd Los Angeles, CA 90035
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