Retail Space at Pico &
For Sale
Contact for pricing
160-166 W Pico Blvd, Los Angeles, CA 90015
Retail space available at the southeast corner of Pico & Hill.
Property Size22,500 SF
Days on Market201
Property Features for 160-166 W Pico Blvd
General Information
Standard status
Active
Size
22,500 SF
Property subtype
Retail
Building Details
Building Size
22,500 SF
Year Built
1914
Stories
3
Properties For Sale
at 160-166 W Pico Blvd Contact usAvailable Space
Size
3,332 SF
Lease Type
G
160 – 166 W Pico Blvd. Corner unit Wholesale/Retail Area – Former Print Shop Fully Air-conditioned
Contact us Available Space
Size
1,386 SF
Lease Type
G
Facing Hill St. Wholesale/Retail Area Fully Air-conditioned
Contact us Available Space
Size
2,068 SF
Lease Type
G
Facing Hill St. Wholesale/Retail Area Fully Air-conditioned
Contact us
Listing Agency:
Daum Commercial
Listed By:
Carlos Castillo · License #CA 01451618
(213) 270-2263
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 8
Last Checked: Oct 19 at 3:12AM
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 Daum Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is located at the southeast corner of Pico and Hill, benefiting from high traffic. Ample street parking is available.
Key Highlights
- High traffic streets offer excellent exposure.
- Prime southeast corner location.
- Ample street parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,167,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,063,348,280
$3,063.3M
Cap Rate 7%
$2,188,105,914
$2,188.1M
Cap Rate 9%
$1,701,860,156
$1,701.9M
Market Conditions
NOI Build-Up for 6,600,000 SF
Gross rent
$243.94M $36.96/SF
− Vacancy
−$25.13M −$3.81/SF
EGI
$218.81M $33.15/SF
− OpEx
−$65.64M −$9.95/SF
NOI
$153.17M $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,063,348,280
Cap Rate 7%
$2,188,105,914
Cap Rate 9%
$1,701,860,156
Alternative Uses
Best Use
Retail
$2,188.11M
$1,914.59M – $2,552.79M
NOI $153,167,414 @ 7.0% cap · market cap 15,316,741,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$133,712.04M
$116,998.03M – $155,997.38M
NOI $9,359,842,615 @ 7.0% cap · market cap 935,984,261,500.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available at the southeast corner of Pico & Hill.
Where is this retail space located?
The property is located at 160-166 W Pico Blvd Los Angeles, CA.
What are key features of this property?
This property features: High traffic streets offer excellent exposure.; Prime southeast corner location.; Ample street parking available.
