05/27/2018
Price: $20 Mil.
A great opportunity!
Major development
on Pico Blvd at La Cienega.
NO HEIGHT LIMITATION. Frontage 325 feet 111 deep.
All tenants are month to month.
Phase 1: Plans pending for portion of the lot 49 units 54000 sf mixed use building on 175X111 portion of the lot
Phase 2: Future development on the balance of the lot.
Current tenants (all month to month): Bond 4000 sf rented at $5460/month, The Suit 4000 sf $6250, Storage 5000 sf owner occupied, Soup Kitchen 1500sf $3000, Office 800 sf $2000, owner occupied 3000sf, Vien Cafe 2000sf $4000, Hollywood Pizza 1400sf $3250, Massage 1400sf $3000, garage storage 3 car garage, Oil rights income included.
Subject to 1031 exchange and concurrent closing. All info per Seller.
*Seller is paying only listing agent commission. Buyers agent commission is to be paid by Buyer.
Robin Goodman robingoodman.realtorcom