Retail Shopping Center with Major
For Sale
Contact for pricing
Pending
5151 W Pico Blvd, Los Angeles, CA 90019
Shopping center offering significant frontage on Pico Blvd and development opportunities after current leases expire.
Property SizeContact for details
Days on Market148
Property Features for 5151 W Pico Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Triad Management Systems Inc.
Listed By:
Nick Virzi · License #CA 00514745
Source:
Crexi
Added: Apr 11
Changed: Aug 23
Last Checked: Sep 4 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triad Management Systems Inc.
Investment Insights
Based on property information with market context.
This property is a retail shopping center on a 28,725 site with significant frontage on Pico Blvd. It is currently operated as a retail shopping center and includes stated development opportunity potential tied to the Transit Oriented Communities Affordable House Incentive Program when current leases expire.
The offering is positioned for continuity of retail operations under existing leases, with the noted incentive-program development concept becoming relevant upon lease expiration. Prospective buyers and brokers may review current leasing terms and the timeline for when any transition from retail operations could occur.
The offering is positioned for continuity of retail operations under existing leases, with the noted incentive-program development concept becoming relevant upon lease expiration. Prospective buyers and brokers may review current leasing terms and the timeline for when any transition from retail operations could occur.
Key Highlights
- 28,725 SF site currently operated as a retail shopping center
- Significant frontage on Pico Blvd
- Transit Oriented Communities Affordable Housing Incentive Program development opportunities after current leases expire
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center offering significant frontage on Pico Blvd and development opportunities after current leases expire.
Where is this shopping center located?
The property is located at 5151 W Pico Blvd Los Angeles, CA.
What are key features of this property?
This property features: 28,725 SF site currently operated as a retail shopping center; Significant frontage on Pico Blvd; Transit Oriented Communities Affordable Housing Incentive Program development opportunities after current leases expire
