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Property profile & analytics
FOR LEASE
Community centers

5935 West Pico Blvd Los Angeles, CA 90035

11,816 SF 0.59 ac lot Built 1985
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0454594
5935 West Pico Blvd, Los Angeles, CA 90035 For Lease
$3,650,000 2,462 SF available
5935 West Pico Blvd, Los Angeles, CA 90035
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Property summary
AI-generated overview

The Parker - 5935 Pico Boulevard in Los Angeles, CA (zip code 90035) offers a unique retail investment opportunity. This multi-tenant retail property, categorized as a restaurant space, boasts a total building area of 162,867 square feet. Currently, there are 3,413 square feet of vacant space available, divided into four separate units ranging in size from 546 to 1,344 square feet. The property's strategic location on Pico Boulevard places it within easy reach of major business and entertainment districts, including the Miracle Mile, Culver City, Fairfax, and Century City. This prime location ensures high visibility and accessibility for businesses seeking to tap into a thriving and densely populated area. The development is described as new and is situated amongst established Los Angeles businesses and popular destinations, making it an ideal location for businesses aiming to attract both local residents and visitors. The property's address is 5935 W Pico Blvd, Los Angeles, CA 90035, with coordinates 34.0523687 latitude and -118.3693402 longitude. This presents a compelling opportunity for businesses seeking a well-located and sizable space in a dynamic Los Angeles neighborhood. The available spaces are perfect for a variety of restaurant concepts or complementary retail uses.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1985
Construction TILT-UP CONCRETE
Total area 11,816 SF
Lot 0.59 ac (25,802 SF)
Zoning code LAC4
APN 5087-022-030
UPID US10-0454594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Parker Apartment Complex Apartment Building
  • Cozy Air Conditioning HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.93M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.65M
Owner & transaction history
Cv 5935 Pico LLC · 7 yrs held
Cv 5935 Pico LLC
since 2019
7 recorded transactions
2020
Price N/A
2019
$57.7M
2017
$10.4M
2008
Price N/A
2007
Price N/A
1996
$1.4M
1995
Price N/A
Zoning & alternative use
LAC4 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.9M +18.5%
Medical building $5.4M +7.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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