Pico Boulevard Auto Service
4605-4619 W Pico Boulevard Los Angeles, CA 90019
4605-4619 W Pico Boulevard, Los Angeles, CA, 90019
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For Sale
Contact for pricing
Automotive service property with development potential in central Los Angeles.
Property Size5,520 SF
Lot Size0.37 Acres
Price / SF$769.93
Days on Market54
Property Features for 4605-4619 W Pico Boulevard
General Information
- Standard status
- Active
- Size
- 5,520 SF
- Lot size
- 0.37 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1932
Listing Agency
KW Beverly Hills
(310) 432-6400
Listed by
Francisco Williams · License #CA 01979442
Source
Crexi
Added: May 25 Checked: Jul 15 at 2:56 pm
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 KW Beverly Hills
Investment Insights
Based on property information with market context.
Located in the Park Mile/Mid-Wilshire corridor of central Los Angeles, 4605-4619 W. Pico Boulevard features a 5,520 square foot automotive service and collision-repair building. The structure is situated on a consolidated C4-1-O commercial lot of approximately 16,254 square feet, resulting in a high land-to-building ratio. The property includes auto-service infrastructure, a spray booth, paint-mixing capability, customer access, and parking. The property may be suitable for owner-occupied control, strategic collision/auto-service acquisition, or future development. The site may be underwritten for 40 base units or up to 73 units on a qualifying TOC Tier 4 incentive path.
Key Highlights
- TOC Tier 4 development potential: up to 73 units possible (conceptual screen only).
- Large 16,254 SF commercial lot with a high land‑to‑building ratio.
- Existing 5,520 SF automotive service and collision‑repair building.
Local Financial Insights For 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 | $204.0k | $36.96 |
| − Vacancy | −$21.0k | −$3.81 |
| EGI | $183.0k | $33.15 |
| − OpEx | −$54.9k | −$9.95 |
| NOI | $128.1k | $23.21 |
5,520 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.14M
NOI $128,104 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$979.6K
$857.2K – $1.14M
NOI $68,573 @ 7.0% cap · market cap 1.61%
Theoretical Best
Multifamily LT 5
$111.83M
$97.85M – $130.47M
NOI $7,828,232 @ 7.0% cap · market cap 184.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- AVANTORRS AUTO REPAIR — 4800 W Washington Blvd, Los Angeles, CA 90016
- E & W Auto Repair — 4800 W Washington Blvd, Los Angeles, CA 90016
- Total Tow — 4800 W Washington Blvd, Los Angeles, CA 90016
- Hugo's Auto Electric — 4800 W Washington Blvd D, Los Angeles, CA 90016
- Mele's Tire Shop — 4800 W Washington Blvd A, Los Angeles, CA 90016
FAQs
What type of property is this?
Auto shop - Automotive service property with development potential in central Los Angeles.
Where is this auto shop located?
The property is located at 4605-4619 W Pico Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: TOC Tier 4 development potential: **up to 73 units possible** (conceptual screen only).; Large 16,254 SF commercial lot with a high land‑to‑building ratio.; Existing 5,520 SF automotive service and collision‑repair building.
