2599 West Pico Boulevard

Los Angeles, CA 90006

$1,650,000
Last Sold Price
6,968 / 0.16
Lot Size / Acres

Description

2599 West Pico Boulevard is a 3,867 SF retail space situated on a 6,968 SF LAC2 zoned lot. 17 units can be built by right, and 31 units can be built with the TOC Tier 3 density bonus (buyer to verify). The property is currently divided into three retail spaces that average about 1,200 SF. All three spaces are rented out to a laundromat, a restaurant, and a clothing store. All three businesses have been reliable tenants for years and are on month-to-month leases. There is parking space in the lot...2599 West Pico Boulevard is a 3,867 SF retail space situated on a 6,968 SF LAC2 zoned lot. 17 units can be built by right, and 31 units can be built with the TOC Tier 3 density bonus (buyer to verify). The property is currently divided into three retail spaces that average about 1,200 SF. All three spaces are rented out to a laundromat, a restaurant, and a clothing store. All three businesses have been reliable tenants for years and are on month-to-month leases. There is parking space in the lot as well. Most recently, the current owners made improvements to the parking lot and the roof. The property is in the up & coming Koreatown area, on Pico Boulevard, near Vermont Ave. This location provides very easy access to all the employment opportunities, excellent restaurants, shopping, and entertainment that Koreatown, Hollywood and Downtown LA have to offer, making it highly sought after by the young professional tenant. In addition, the area is deemed a "Walker's Paradise" with a walk score of 93 out of 100 since many daily errands can be done by foot. 2599 West Pico Boulevard provides a unique opportunity for an investor looking to place money on valuable retail space in an up & coming neighborhood, or a developer looking to develop a large lot with great potential.
  1. Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union

Property Details for 2599 West Pico Boulevard

Zoning
LAC2
Parcel Number
5078030016
Area
Mid-Wilshire (C17)
Lot Size Area
6968
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
5078-030-016
Directions
On Pico Blvd, near Vermont Ave.

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 04/28/2023 12:50 PM

Property Details for 2599 West Pico Boulevard

StatusSold
MLS #22-156713
Days on Market184
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.16 AC
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 2599 West Pico Boulevard

Lot Size0.16 AC

Payment Calculator

$9,781 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$776

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2599 West Pico Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
  • Sewer: On Site
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Additional Parcel Number: No
  • Lot Acreage: 0.16
  • Lot Size Square Feet: 6968
  • Telephone: 1.0
  • Telephone Service: On Property
  • Cable: 1.0
  • Electric: On Site
  • Gas: On Site
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-31-2022

Property History for 2599 West Pico Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2599 West Pico Boulevard

Taxable ValueLand$517,609Additions$148,259Total$665,868
Tax Record2023$9,308 ($776 / month)
Home Facts
Total Finished SqFt3,867 SqFtAbove Grade Finished SqFt3,867 SqFtStories1Lot Size6,968 SqFtStyleStoresYear Built1966ZoningLAC2CountyLOS ANGELESAPN5078-030-016

Schools near 2599 West Pico Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Ypi Valley Public Charter High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.