4315 W Pico Blvd, Los Angeles, CA 90019

Description

Exceptional mixed-use investment opportunity near Koreatown, prominently located along the busy Pico Boulevard corridor near Crenshaw Boulevard. The property features two separate two-story buildings with a total of five income-producing spaces, including four residential units and one ground-floor commercial space fronting Pico Boulevard. Three units are currently vacant, offering immediate leasing opportunities at market rents, while two residential units are occupied by long-term, month-to-month tenants. The offering also includes the adjoining commercial address at 4317 W Pico Boulevard, creating a versatile mixed-use setup with residential, retail, office, or service-oriented potential. The commercial space was previously used as a flower shop and, before that, by a plumbing business, giving future occupants and buyers a sense of the property’s prior commercial utility and flexibility. Additional highlights include parking for approximately six vehicles, with two tandem spaces in front and approximately four to five side-by-side spaces toward the rear, plus a private courtyard between the buildings. Tenants pay their own electricity and gas, while the owner pays water, helping to keep operating expenses manageable. Conveniently located near restaurants, shops, businesses, public transportation, and major employment centers, this property presents an excellent opportunity for investors, owner-users, or developers seeking income potential and flexibility in a high-visibility Los Angeles location. Buyer to independently verify unit configuration, addresses, permitted uses, zoning, parking, utilities, expenses, and development potential.