Property profile & analytics
2546 Pico Blvd Los Angeles, CA 90006-4022
- Retail space
- 7,930 SF
- 0.18 lot acres
OFF-MARKET
Value Estimations
$1,230,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-8172964
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Lili's Bakery / Bakery / Specialty Food Shop
- Mectec, Inc. / Construction Company
- Pico's Thrift Store 2 / Discount Store
Property Details for 2546 Pico Blvd
- Year built
- 1906
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.18 lot acres
- Property size
- 7,930 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 5075-003-026
- APU
- 5075003026
Description
This 13,050 square foot shopping center in Los Angeles, CA, is situated on a hard corner in Koreatown at 2546-2554 W Pico Blvd, offering excellent visibility and high traffic counts. The property consists of two parcels totaling 16,258 square feet of land and boasts 100% occupancy with a strong tenant mix including 7-Eleven, AutoZone, and Bank of America, among others. Current tenants are on short-term leases with rents significantly below market value, presenting a substantial opportunity for increased income. The property features recent construction and renovations and offers a pro-forma NOI of $316,455 and a pro-forma cap rate of 9.59%. The asking price is $3,300,000 ($252.87/sq ft). This location is minutes from Downtown Los Angeles and less than a quarter mile from Loyola High School. The property's TOC-3 designation with ED-1 eligibility allows for owner-user occupancy or multi-family redevelopment potential. Seller financing is available with flexible terms.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,548,000
Market price range: $1.55M - $5.41M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.293
- Latitude
- 34.047
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,901
$59,044
$54,330
$113,374
-
$0.00
$0.00
$0.00
