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    2663 W Pico Blvd Los Angeles, CA 90006

    Sponsored
    Source: https://www.majorproperties.com
    For Sale
    $1,888,888

    Pico/Union Commercial Property

    Property size:
    5,800 SF

    Description

    Added:
    May 5, 2025
    Days on Market:
    253
    • The property consists of two buildings, with a small parking area
    • The property currently is occupied by 4 tenants with an annual gross income of $61,400
    • Great Pico/Union commercial location with very heavy vehicle traffic (22,726 vehicles per day)
    • Just minutes west of Downtown Los Angeles, the LA Convention Center, LA LIVE and Crypto.com Arena
    • The area has good demographics
    • Located in a Designated Qualified Opportunity Zone, which offers tax benefits
    • Potential for future development
    • 51.36 feet of total frontage on Pico Boulevard
    • Western Avenue is situated 3/4-mile to the west, and Hoover Street is 3/4-mile to the east
    • Santa Monica (I-10) Freeway is 3/4-mile to the south
    • Easy access to Downtown Los Angeles, Koreatown, and USC

    Property Features for 2663 W Pico Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,800 SF
    Price / Square Foot
    $325
    Elevators
    N/A
    Lot Size
    7,149 SF

    Building Details

    Year Built
    1948
    Location Intelligence

    Current Use by Public Records

    101 Flowers Party Equipment Rental Service Flower Delivery Los ... Florist Pico Studio Art Gallery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -118.755997
    Latitude
    36.7014631

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    FAQs

    What type of property is this?
    Individual retail property - Pico/Union Commercial Property
    Where is this individual retail property located?
    The property is located at 2663 W Pico Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,888,888.
    (818) 584-4344
    Request Owner's contact information
    2663 W Pico Blvd Los Angeles, CA 90006
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    Los Angeles, CA 90006
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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
    2663 W Pico Blvd Los Angeles, CA 90006
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