Mixed-Use Building For
160-166 W Pico Blvd Los Angeles, CA 90015
For Sale
Contact for pricing
Mixed-use building available for sale with seller carry financing terms, offering flexible purchase structure.
Property Size22,500 SF
Price / SF$293.33
Days on Market182
Property Features for 160-166 W Pico Blvd
General Information
Standard status
Active
Size
22,500 SF
Property subtype
RETAIL
Listing Agency:
Daum Commercial
(213) 270-2244
Listed By:
David Muir · License #01210653
(213) 270-2244
Source:
Moodyscre
Added: Jan 29
Changed: Jul 28
Last Checked: Jul 29 at 3:54PM
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
Investment Insights
Based on property information with market context.
This mixed-use building is available for sale. The property is listed at 22,500 square feet and is offered under a seller carry structure that includes a $3,100,000 down payment with interest-only financing of $3,500,000 at 6%, due in 60 months.
The building is located at 160–166 W Pico Blvd in Los Angeles, California 90015.
The offering is best suited for buyers seeking a mixed-use asset and a financing structure that is specifically described as interest-only with a balloon due date.
The building is located at 160–166 W Pico Blvd in Los Angeles, California 90015.
The offering is best suited for buyers seeking a mixed-use asset and a financing structure that is specifically described as interest-only with a balloon due date.
Key Highlights
- Mixed‑use building for sale.
- Seller financing available: $3,100,000 down payment with seller carry for $3,500,000 at 6% interest‑only for 60 months.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $810.0k | $36.00 |
| − Vacancy | −$81.0k | −$3.60 |
| EGI | $729.0k | $32.40 |
| − OpEx | −$273.4k | −$12.15 |
| NOI | $455.6k | $20.25 |
22,500 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$6.51M
$5.70M – $7.59M
NOI $455,625 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$455.84M
$398.86M – $531.81M
NOI $31,908,554 @ 7.0% cap · market cap 483.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building available for sale with seller carry financing terms, offering flexible purchase structure.
Where is this mixed-use property located?
The property is located at 160-166 W Pico Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: Mixed‑use building for sale.; Seller financing available: $3,100,000 down payment with seller carry for $3,500,000 at 6% interest‑only for 60 months.
