11714-11720 W. Pico Blvd., Hollywood, CA 90064
Description
Maher Commercial Realty is pleased to present this rare opportunity to purchase a mixed use retail/office/showroom building in the heart of West Los Angeles at only $326/SF. This presents a significant discount compared to retail building sales on Pico in West LA in the last 3 years, which have sold at an average of $830/SF, and an average of $696/SF for office.
Potentially six units are available in this +/-9,200 square foot building located on the southwest corner of Pico Blvd. and Barrington Avenue. An investor can benefit from acquiring a West LA asset at an attractive price/SF basis and maximize income. Owner/users can utilize attractive SBA financing and benefit from the building’s high visibility and coveted location to grow their brand.
The property is also proximate to the 10/405 Freeway interchange and surrounded my major industries including Google and Riot Games. The property is a block away from popular restaurants including Don Antonio’s, Neat, Sorry Not Sorry and Yabu. TraderJoe’s and Whole Foods are also nearby.
Property Features:
- List Price: $3,000,000
- Building Size: 9,200 Sq.Ft.
- Lot Size: 5,495 Sq.Ft.
- Price Per Sq.Ft.: $326.00
- Zoning: LAC2 TOC Tier 3
- Parking: 6 Spaces
- Amenities: Parking, Billboard Income, High Visibility
Address
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Address 11714 W. Pico Blvd., Los Angeles, CA
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Country United States
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Postal code/ZIP 90064
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Contact
Jeremy Shore
Property Agent
Jeremy Shore is an experienced professional with over 10 years of working across all aspects of commercial real estate brokerage, management and investment. Since joining Maher Commercial Realty in 2018, Mr. Shore has completed over $70,000,000 in transaction volume, between signed leases and closed sales. On the sales front, Mr. Shore is arranging development, investment, and owner-user transactions across retail, industrial, multifamily, and office product types in the greater Los Angeles area. Mr. Shore dives deep into properties he analyses to find the 'highest and best use' to maximize revenue and valuation for his clients, which include prominent family offices and institutional investment firms. On the leasing side of the business, Mr. Shore has represented owners and tenants of food and beverage spaces, industrial warehouses, general retail and office space. With deep contract knowledge and careful diligence, Mr. Shore strives to complete transactions where at the end of the day, both landlord and tenant are satisfied and can look forward to the start of a years' long relationship. Mr. Shore enjoys the feeling of shaping a neighborhood and providing a home for entrepreneurs to flourish. Mr. Shore takes pride in having a role in improving the communities in which he operates, whether by adding housing to combat Los Angeles' affordability crisis or making a neighborhood more desirable by placing a cafe which becomes a gathering place for locals. In his spare time, Mr. Shore enjoys staying active with cycling, tennis, skiing, and hiking with his wife and dog. BRE#02020539