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    5281 Pico Blvd Los Angeles, CA 90019

    Sponsored
    For Lease
    $42 SF/Yr ($18,441 /Mo)

    Mid-City LA retail opportunity. High visibility storefront.

    Lot size:
    5,269 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,269 square foot commercial property, located at 5281 West Pico Boulevard in Los Angeles, CA 90019, presents a unique opportunity for a retail business. Situated in the vibrant Mid-City submarket of Los Angeles County, this single-story Class B building offers a minimum of 710 contiguous square feet, with a maximum of 710 square feet currently available for lease. The property boasts a prime location with high visibility, featuring a storefront with expansive display windows and exclusive signage rights. Benefit from abundant natural light, creating an inviting atmosphere for customers. The property includes 12 parking spaces and convenient rear access for efficient loading and unloading. Zoned C4, this versatile space is ideal for a variety of retail uses, previously having housed a music studio and dispensary. The property is easily accessible from La Brea Avenue and is within a high-traffic area, providing excellent exposure to a large potential customer base. This is a rare opportunity to establish a thriving retail presence in a dynamic and densely populated area of Los Angeles. The property's address is 5281 W Pico Blvd, Los Angeles, CA 90019, with the APN 5085-036-018.

    Property Features for 5281 Pico Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,269 SF
    Class
    B
    Total Rate
    18441.5

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    700 SF
    Rate per SF
    $48

    HighLights

    • 1. Prime Mid‑City Los Angeles location with high visibility and foot traffic.
    • 2. 710 sq ft retail space with large display window.
    • 3. Abundant natural light and high ceilings.
    • 4. Versatile space, previously a music studio and dispensary.
    • 5. Rear access for convenient loading and unloading.
    • 6. Exclusive signage rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    PLOT Art Gallery

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3534666
    Latitude
    34.0485057

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    FAQs

    What type of property is this?
    Office space - Mid-City LA retail opportunity. High visibility storefront.
    Where is this office space located?
    The property is located at 5281 Pico Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: 1. Prime Mid-City Los Angeles location with high visibility and foot traffic.; 2. 710 sq ft retail space with large display window.; 3. Abundant natural light and high ceilings.
    Request Owner's contact information
    5281 Pico Blvd Los Angeles, CA 90019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5281 Pico Blvd Los Angeles, CA 90019
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