Koreatown Flex Building For
2990 W pico Boulevard Los Angeles, CA 90006
2990 W pico Boulevard, Los Angeles, CA, 90006
$2,500,000
For Sale
$2,500,000
Flex building in Koreatown, suitable for various business uses.
Property Size4,908 SF
Price / SF$509.37
Days on Market410
Property Features for 2990 W pico Boulevard
General Information
- Standard status
- Active
- Size
- 4,908 SF
Listing Agency
KELLER WILLIAMS REALTY
Listed by
LAWRENCE CHANG
Source
Corcoran
Added: Jun 4, 2025 Checked: Mar 16 at 9:09 am
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This flex building is located in Koreatown, Los Angeles. The property is equipped with high voltage (440 V), a roll-up shutter, and an automatic security door. The well-maintained building is suitable for mixed-use, including warehouse, retail booth, medical offices, legal practices, CPA firms, or any business requiring showroom and storage space. The property has a month-to-month tenant who can vacate on short notice. The building has a total size of 4908 square feet.
Key Highlights
- High Voltage (440 V) Power Supply - suitable for various industrial or commercial uses.
- Prime Location in Koreatown (Pico Western) - offers high visibility and accessibility.
- Flexible Use Building - ideal for warehouse, retail, medical offices, legal practices, CPA firms, or businesses needing showroom and storage space.
Local Financial Insights For Office B
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 | $190.8k | $38.88 |
| − Vacancy | −$35.5k | −$7.23 |
| EGI | $155.3k | $31.65 |
| − OpEx | −$38.8k | −$7.91 |
| NOI | $116.5k | $23.74 |
4,908 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.66M
$1.46M – $1.94M
NOI $116,497 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$1.63M
$1.42M – $1.90M
NOI $113,901 @ 7.0% cap · market cap 4.56%
Theoretical Best
Multifamily LT 5
$99.43M
$87.00M – $116.01M
NOI $6,960,319 @ 7.0% cap · market cap 278.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
God's Righteousness Church
Church
하나의교회
Church
Colorland Graphics
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Who's Hungry Caribbean & Catering — 1631 Cordova St, Los Angeles, CA 90007
- Fambam Catering — 2300 S La Salle Ave, Los Angeles, CA 90018, United States
- Smokin Woods BBQ LA — 1870 W Washington Blvd, Los Angeles, CA 90007
- Vesti — 1870 W Washington Blvd, Los Angeles, CA 90007
- Thrive Kitchen — 1842 W Washington Blvd, Los Angeles, CA 90007
FAQs
What type of property is this?
Flex space - Flex building in Koreatown, suitable for various business uses.
Where is this flex space located?
The property is located at 2990 W pico Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Voltage (440 V) Power Supply - suitable for various industrial or commercial uses.; Prime Location in Koreatown (Pico Western) - offers high visibility and accessibility.; Flexible Use Building - ideal for warehouse, retail, medical offices, legal practices, CPA firms, or businesses needing showroom and storage space.
