Retail Steps from Convention Center

1412 W Pico Blvd Los Angeles, CA 90066

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FOR SALE Incentives
Property Type:
Street Retail
Amount:
$1,285,000
Last Verified:
Jul 05, 2017


Description

Value add opportunity close to the convention center. Tenants are on month to month agreements.

A few blocks from the convention center and the 110 freeway.


Year Built: 1906
Building Size: 5192.0sq ft
Lot Size: 5084.0 acres

Map of 1412 W Pico Blvd, Los Angeles, CA, 90066

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.