Retail Store with Apartment
2596 West Pico Boulevard Los Angeles, CA 90006
2596 West Pico Boulevard, Los Angeles, CA, 90006
$4,199,000
For Sale
$4,199,000
Retail and residential income property with high traffic location.
Property Size7,571 SF
Price / SF$554.62
Days on Market120
Property Features for 2596 West Pico Boulevard
General Information
- Standard status
- Active
- Size
- 7,571 SF
- Property subtype
- Retail
Listing agency
CBRE - Downtown Los Angeles
(213) 613-3334
Listed by
Derrick Moore · License #1029938
(213) 613-3334
Source
Cbre
Added: Mar 25 Updated: Jul 10 at 1:06PM Checked: Jul 22 at 4:39AM
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 CBRE - Downtown Los Angeles
Investment Insights
Based on property information with market context.
This sale encompasses two properties situated on a single parcel: a retail store and a two-unit apartment building. Both properties are currently fully leased, presenting an opportunity for an owner-user. The location benefits from high traffic counts and excellent visibility on a hard corner. Pico Boulevard is a robust retail corridor with a mix of national and local tenants. The property is located one block from Loyola High School and is near the intersection of Pico and Vermont. The area has a high population density, with over 620,000 people within a 3-mile radius and over 1,200,000 within a 5-mile radius. The location is considered a walker's paradise. Nearby tenants include AutoZone and 7-Eleven. The property is in close proximity to USC, Crypto Arena, and the LA Convention Center. It has a Tier 3 Designation. The property offers direct access to both the 110 and 10 freeways. The property size is 7571 square feet.
Key Highlights
- Two buildings on one parcel, featuring a retail store and a 2‑unit apartment.
- Fully leased, offering owner‑user potential.
- Located on a hard corner, boasting high traffic counts and great visibility.
Local Financial Insights For Specialty Retail
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 | $279.8k | $36.96 |
| − Vacancy | −$6.4k | −$0.85 |
| EGI | $273.4k | $36.11 |
| − OpEx | −$68.3k | −$9.03 |
| NOI | $205.0k | $27.08 |
7,571 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$153.38M
$134.21M – $178.95M
NOI $10,736,874 @ 7.0% cap · market cap 255.70%
Second Best
Apartment 5plus
$133.85M
$117.12M – $156.16M
NOI $9,369,522 @ 7.0% cap · market cap 223.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Raja Meat Market
Take-out & Catering
Rinconsito Oaxaqueno Market
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Northgate Market — 2323 W Olympic Blvd, Los Angeles, CA 90006
- Nuños Market — 1605 S Hoover St, Los Angeles, CA 90006
- Galleria Market — 3250 W Olympic Blvd #314, Los Angeles, CA 90006
- Hannam Supermarket — 2740 W Olympic Blvd, Los Angeles, CA 90006
FAQs
What type of property is this?
Grocery and convenience store - Retail and residential income property with high traffic location.
Where is this grocery and convenience store located?
The property is located at 2596 West Pico Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,199,000.
What are key features of this property?
This property features: Two buildings on one parcel, featuring a retail store and a 2‑unit apartment.; Fully leased, offering owner‑user potential.; Located on a hard corner, boasting high traffic counts and great visibility.
