Los Angeles, CA 90006,3072 3084 W Pico BLVD
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Los Angeles, CA 90006,3072 3084 W Pico BLVD
Los Angeles, CA 90006,3072 3084 W Pico BLVD
Los Angeles, CA 90006,3072 3084 W Pico BLVD
Los Angeles, CA 90006,3072 3084 W Pico BLVD
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3072 3084 W Pico BLVD Los Angeles, CA 90006

0.54 Acres Lot


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26636073

HOA Y/N No

Year Built 1921

Lot Size 0.541 Acres

Property Description

The asking price is the minimum starting bid amount. Claim a top spot in Los Angeles' vibrant Koreatown neighborhood with the versatile collection of commercial properties at 3072-3084 W Pico Boulevard. Offering contiguous storefronts with a high-traffic corner location, this rare opportunity provides diverse upside potential to rehabilitate and lease the remaining vacancies or create a dream redevelopment project in a superior urban location. This rare offer is being offered at a significant discount to the replacement, making this a can't-miss acquisition for savvy investors and developers. The properties span a total of 23,848 square feet across several buildings, including a historic corner property that adds prestige to this unique assemblage. The buildings sit on adjoining lots totaling 0.54 acres with flexible C2 zoning, providing varied opportunities for a range of retail and residential applications. Situated at the corner of the signalized intersection of W Pico and S Western Avenue, 3072-3084 W Pico Boulevard benefits from exceptional visibility to more than 42,000 daily vehicles. Additionally, Interstate 10 is reachable in less than a mile, as well as the Wilshire/Western Metro Station, providing seamless connectivity across the greater region. The property sits along an existing retail corridor that provides a wealth of boutique shops, popular restaurants, and a wide range of service-based amenities, all within walking distance. Additionally, the site is just minutes from major area hotspots such as Downtown Los Angeles, the Convention Center, and the Crypto.com Arena, enhancing appeal with quick access to world-class urban amenities. Koreatown provides a valuable destination for new business and investment, with a stable population and economic growth in recent years. The area attracts higher-income residents with new upscale apartment communities and diverse dining, entertainment, and cultural options. Currently, more than 78,000 residents live within 1 mile of 3072-3084 W Pico Boulevard, producing annual consumer spending of more than $709 million. These affluent locals provide strong support for both retail and residential sectors, ensuring long-term growth potential for a new owner. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied and with current tenants in place. Don't miss out on this versatile investment opportunity that blends a historic identity with unmatched value-add potential in Los Angeles at 3072-3084 W Pico Boulevard.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Fireplace No

Exterior

Roof Type Flat

Building

Lot Description Corner Lot, Rectangular Lot, Street Level

Story 2

Water Public

Others

Tax ID 5074001003

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Auction


CRMLS – RECore
Listed by Vineendra Jain Ingenious Asset Group, Inc.
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 8

    Melrose Avenue Elementary School

    Public | KG - 6

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Global Education Academy

    Public | KG - 5

  • 7

    Hollywood Primary Center

    Public | KG - 3

  • 7

    New Heights Charter

    Public | KG - 8

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 6

    Cienega Elementary School

    Public | KG - 5

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Van Ness Avenue Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Micheltorena Elementary

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 5

    Wilton Place Elementary

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    New Designs Charter

    Public | 6 - 12

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 4

    Magnolia Science Academy 5

    Public | 6 - 12

  • 4

    Bancroft Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    Young Oak Kim Academy

    Public | 6 - 8

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 8

    Wallis Annenberg High School

    Public | 9 - 12

  • 8

    Alliance College-Ready Academy High No. 5

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Animo Jackie Robinson High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Santee Education Complex

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 3

    Belmont High School

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    RFK Community Schools - School for the Visual Arts & Humanities

    Public | 9 - 12

  • 1

    Manual Arts High School

    Public | 9 - 12

  • 1

    West Adams Preparatory High School

    Public | 9 - 12

School and business data provided by Attom Data.

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3072 3084 W Pico BLVD