Mixed-Use Building For
For Sale
Contact for pricing
160-166 W Pico Blvd, Los Angeles, CA 90015
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 Market273
Property Features for 160-166 W Pico Blvd
General Information
Standard status
Active
Size
22,500 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Downtown
Listing Agency:
Daum Commercial
(213) 626-9101
Listed By:
David Muir · License #01210653
(213) 270-2244
Source:
Moodyscre
Added: Jan 29
Changed: Oct 26
Last Checked: Oct 28 at 12:36PM
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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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
Estimated NOI and Cap Rate
NOI / Yr
$455,625
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,112,500
$9.1M
Cap Rate 7%
$6,508,929
$6.5M
Cap Rate 9%
$5,062,500
$5.1M
Market Conditions
NOI Build-Up for 22,500 SF
Gross rent
$810.0K $36.00/SF
− Vacancy
−$81.0K −$3.60/SF
EGI
$729.0K $32.40/SF
− OpEx
−$273.4K −$12.15/SF
NOI
$455.6K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,112,500
Cap Rate 7%
$6,508,929
Cap Rate 9%
$5,062,500
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.
How Realmo checks its estimates
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
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Cap Rate, Value Estimation, Potential NOI and more
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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.
