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5259 Pico Blvd Los Angeles, CA 90019-4043

OFF-MARKET Office buildings Google Maps
2,052 SF 0.09 ac lot Built 1946
Individually Owned 37-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US10-0513235

Property summary

AI-generated overview

This exceptional 2,200-square-foot commercial property, located at 5259 W. Pico Boulevard in Los Angeles, California (zip code 90019), presents a unique opportunity for a single tenant. Classified as both retail and creative office space, this versatile property offers significant flexibility for a variety of businesses. The entire space is currently vacant, providing immediate occupancy for the new lessee. Situated in Los Angeles County, the property's address is easily accessible and benefits from excellent visibility along West Pico Boulevard. The building's total square footage is 2,200 square feet, all of which is available for lease. This single-tenant occupancy ensures privacy and control over the entire space. The property's creative office subtype suggests an adaptable layout suitable for businesses requiring open floor plans or unique design elements. The retail classification indicates suitability for businesses with a storefront presence. This prime location in Los Angeles offers a dynamic environment for businesses seeking a high-profile address. Interested parties are encouraged to inquire further to explore the possibilities this versatile property offers. The property's latitude and longitude coordinates are 34.0484581 and -118.3530214 respectively.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1946
Construction WOOD
Total area 2,052 SF
Lot 0.09 ac (3,996 SF)
Zoning code LAC4
APN 5085-036-021
UPID US10-0513235

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center Alternative Medicine Practice
  • Wellness Program
  • Alternative Medicine Practice Acupuncture
  • Alternative Medicine Practice
  • Alternative Medicine Practice Acupuncture

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$646k
Blend (final) Blend
$300k

Owner & transaction history

since 1989
1 recorded transaction
1989
Price N/A

Zoning & alternative use

LAC4 · Los Angeles, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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