Sold | 4077 W Pico Blvd

Overview

Type
Sqft.
8,542.00
sqft.
Price Per Sqft.
$
319.00
CAP Rate
4.42
%
Lot Size
16,919.00
sqft.

Description

Rosano Partners is pleased to present a value add opportunity in Mid-City. The property boasts an ±8,542 sq.ft. structure situated on ±16,919 sq.ft. lot. Subject property has been well maintained with minimal deferred maintenance. The spacious lot is well parked with its 29 stalls guarded by an automatic gate. Investors will benefit from upside in rents and the advantage of abundant parking on site.

Location Features
Subject property is situated one block East of Crenshaw Blvd. on the Pico Blvd. corridor. The corner of Pico Blvd. and Crenshaw Blvd. has a very impressive combined traffic count of ±60,515 VPD. The area is continuing to improve and will continue to see additional residential units becoming available in the near future.


Managing Agent

James Cho

Associate, Investment Sales
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