SOUTHWEST CORNER: PICO & OLIVE
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JUST REDUCED $575,000!! Property is a partial owner user or 100% user rehab/development opportunity. Conversion Property. Great Upside Opportunity. PICO: Improvements:18,000sq.ft. (Per Tax Assesor) Ground Floor(8,725 sq.ft +/-): with 16 foot ceilings, grade level roll up door for loading and unloading (former Styletronics space). Included is 725 sq.ft.+/- office plus 3 bathrooms. 2nd Floor(7,520 sq.ft. +/-). Partial mezzanine and rooftop storage (1,755sq.ft.+/-). 2nd floor is divided with 13 foot ceilings, 4 restrooms, multiple skylights and access to roof storage. Construction: Seismically reinforced brick with bow truss ceiling. OLIVE: Improvements: 4,749 sq.ft. (Per Tax Assessor)Single storey, bow truss ceiling (20 foot on center). Multiple roll-up doors. Lot Size: 4,758 sq.ft.+/-. Construction: Seismically reinforced brick with bow truss ceiling. Pico and Olive are both zoned: C2-2D-O Agent to provide purchase agreement & Seller to select services. Accepted offer subject to court confirmation (call agent for details and tour).
Address:
312 West Pico Blvd
Los Angeles, CA  90015 US
Community of LOS ANGELES
Fact Sheet:
Listing Type: Sale
Property Type: Commercial
Year Built: 1912
Price: $3,800,000
Sold Date: 5/11/2007
Sold Amount: $3,500,000
Interior Size: 22,749 sq. ft.
Lot Size: .30 acre(s)
Property Tax:
Amenities:
Vaulted Ceilings
Local Area Information:
Located on the SWC of Pico and Olive in the South Park district of downtown Los Angeles. Close proximity to the Staples & Los Angeles Convention Center, Embassy Auditorium, Hotel Figueroa, Mayan Theater and Trans America Tower. For most of Los Angele’s history, South Park was dominated by industrial, automobile dealerships, and residential hotels. However, the area has begun to rapidly gentrify with luxury apartments and condominiums being built from the early 2000’ s onward. This has made it an attractive living area for young professionals. Construction activity includes several loft conversions and new projects in close proximity to the property. Adaptive Re-use Area, City Center Redevelopment

 

Last Updated: 5/14/2007
Listed by Phil Seymour of Elite Properties Realty

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148 South Beverly Drive, Beverly Hills, CA 90212-3018
310-271-4040 phone
310-271-4185 fax