sq ft: 1,590
Commercial, Office, Retail
Updated on October 10, 2025 at 9:10 pm
• Price reduced! Prime value-add or repositioning opportunity
• 9 retail stores
• 7 occupied units and 2 vacant units
• Pro forma $188,070 NOI — 3.69% cap rate
• Heavy traffic corner location: 41,263 vehicles per day
• Includes rear parking lot for 10+ vehicles off the alley
• Southeast corner of Pico Blvd and Stearns Dr
• Located between Fairfax Ave and La Cienega Blvd
• One mile north of the Santa Monica (I-10) Freeway
• Billboard pays $390 per month (no lease)
• Monthly water bill is $700± per month (CAM charge)
• Monthly electric bill is $200± per month (CAM charge)
• Oil rights not included in the sale
Value Add West Pico Commercial Investment - 5990 1/2 W Pico Blvd, Los Angeles, CA 90035, USA
