3087 Pico BlvdLos Angeles, CA 90006

Property Details for 3087 Pico Blvd

Year built

1986

Construction

TILT-UP CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

9,637 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Community centers

APN

5080-012-031

APU

5080012031

Description

This exceptional 814-square-foot retail space is ideally situated on a signalized corner of West Pico Boulevard in Los Angeles, California. Located within a multi-tenant strip center in the 90006 zip code, this property presents a unique opportunity for businesses seeking high visibility and convenient access. The entire space is currently vacant, offering a blank canvas for a new tenant to customize to their specific needs. The property's prime location on Pico Boulevard ensures significant foot traffic and excellent exposure to potential customers. This is an exceptional opportunity to establish a presence in a bustling Los Angeles commercial corridor. The building is situated in Los Angeles County and offers a total of 814 square feet of retail space. The property type is classified as a retail strip center with multiple tenancies. Its strategic location provides easy access for customers and employees alike. This property is perfect for a variety of retail businesses seeking a high-traffic location with excellent visibility. The address is 3087 W Pico Blvd, Los Angeles, CA 90006. The property's coordinates are 34.0475639 latitude and -118.3085231 longitude. Don't miss this chance to secure a prominent retail space in a thriving Los Angeles neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,104,568

  6.5%

  $3,788,832

  7%

  $3,518,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,618,081

  Geo Method

  $4,618,081

• Alternative Use

  Use

  Valuation

  Residential

  $3,196,021

  Hospitality

  $2,927,538

  Educational

  $2,435,678

  Medical

  $2,519,444

  Retail

  $3,788,832

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0475

Longitude

-118.309

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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