Rancho Park Retail

Highlights

• Highly sought after West Los Angeles/Rancho Park location
• Below market leases provide for upside potential
• Potential owner/user or investment
• Great Frontage
• Highly affluent & dense demographics
• Easy to lease small unit

Description

Introducing an exceptional investment opportunity in the heart of West Los Angeles's Rancho Park area. This prime property, located at 10588 W Pico Blvd, boasts a 4,554 SF building divided into 5 units, offering an ideal investment for retail investors as well as potential owner/users. Built in 1939, the property appears well maintained and is 100% occupied, reflecting its strong appeal and stability. With its prime location and full occupancy, this property offers an attractive investment opportunity for investors seeking steady rental income and long-term growth potential in the thriving Los Angeles retail market.

Rancho Park is centrally located in West Los Angeles, just west of Century City and adjacent to the more upscale Cheviot Hills. The neighborhood is characterized by tree-lined streets and a mix of single-family homes and apartment complexes. It's largely residential, with commercial areas on Pico Boulevard, which features a variety of restaurants, shops, and entertainment venues. The neighborhood is also home to the popular Rancho Park Golf Course, a public course that attracts golfers from around the city.
Rancho Park's population is diverse and reflects the overall cosmopolitan nature of Los Angeles. The area has a mix of middle-class and upper-middle-class residents. The neighborhood appeals to professionals and families due to its proximity to good schools, parks, and convenient access to both the Westside and downtown Los Angeles.
Rancho Park's proximity to the tech hub of Silicon Beach and major film and entertainment studios in nearby Culver City also influence its economy, as professionals from these industries often seek housing in the area. The neighborhood remains a sought-after residential area due to its combination of location, amenities, and community-oriented vibe.