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9701 W Pico Blvd, Los Angeles, CA 90035
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9701 W Pico Blvd Los Angeles, CA 90035

$7,490,000 Sold Price as of 12/30/2022
  • -- Beds
  • -- Baths
  • 8,925 Sq.Ft.
Sold
$7,490,000 Sold Price as of 12/30/2022 Refinance Your Mortgage
Map preview of 9701 W Pico Blvd, Los Angeles, CA 90035

Property Overview: 9701 W Pico Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 8,925 living square feet and 10,571 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Unique corner multi-tenant office building with high visibility on Pico Blvd. 16 off street parking spaces with possibilities for an increase. Parking lot access from Camden. Well maintained with massive upside income potential. Extra income generated from billboards and cell sites. Majority of tenants are month-to-month with some 2 year terms remaining and a tenant with up to 8 years left on lease after which there will be an upside potential in rents. Property is ideal for owner operator looking to subsidize building cost through other tenants. Building is positioned in a very strong demographic neighborhood compared to outlying areas and is Beverly Hills and Century City adjacent. Please do not contact tenants for any reason. Owner's office will be vacant at COE as well as an office adjacent to owner's unit. Therefore, total income is pro-forma as it includes proposed income from the 2 vacant units.

Listed by Frank Paul Barbano | BRE #01380908 | Barbano Realty
Last checked: 11 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
10,571
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Other
Status
Sold
MLS#
22227955
City
Los Angeles
County
Los Angeles
Time on Site
349 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $438,504
  • Gross Operating Income: --
  • Other Income 1: $11,936
Annual Expense Breakdown
  • Total Operating Expense: $12,900
  • Electric: $9,000
  • Trash: $8,300
  • Insurance: $5,500
  • Maintenance: $6,000
  • Professional Management: $6,000
  • Other Expenses: $1,800

Property Details for 9701 W Pico Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 4330018022
Location / Neighborhood
Location Information
  • Directions: On Pico Blvd at Camden. Located in Los Angeles, adjacent to Beverly Hills.
View more facts & features

Local Los Angeles Agent

Sale History for 9701 W Pico Blvd

Last sold for $7,490,000 on December 30th, 2022

  • December, 2022

  • Dec 30, 2022

    Date

    Sold

    CRMLS: 22227955

    $7,490,000

    Price

  • Dec 26, 2022

    Date

    Active

    CRMLS: 22227955

    $7,490,000

    Price

  • March, 2022

  • Mar 27, 2022

    Date

    Active

    CRMLS: 22140487

    $8,999,999

    Price

  • Listing provided courtesy of CRMLS

    Unique corner multi-tenant office building with high visibility on Pico Blvd. 16 off street parking spaces with possibilities for an increase. Parking lot access from Camden. Well maintained with massive upside income potential. Extra income generated from billboards and cell sites. Majority of tenants are month-to-month with some 2 year terms remaining after which there will be an upside potential in rents. Property is ideal for owner operator looking to subsidize building cost through other tenants. Building is positioned in a very strong demographic neighborhood compared to outlying areas and is Beverly Hills and Century City adjacent. Please do not contact tenants for any reason.

  • September, 2021

  • Sep 28, 2021

    Date

    Active

    CRMLS: 21788702

    $9,200,000

    Price

  • Listing provided courtesy of CRMLS

    Unique corner multi-tenant office building with high visibility on Pico Blvd. 16 off street parking spaces with possibilities for an increase. Parking lot access from Camden. Well maintained with upside income potential. Extra income generated from billboards and cell sites. Majority of tenants are month-to-month with some 2 year terms remaining after which there will be an upside potential in rents. Property is ideal for owner operator looking to subsidize building cost through other tenants. Building is positioned in a very strong demographic neighborhood compared to outlying areas and is Beverly Hills and Century City adjacent.

  • January, 2012

  • Jan 3, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2008

  • Jul 29, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9701 W Pico Blvd

Assessed Value (2020): $2,449,984
Year Land Value Improved Value Assessed Value
2020 $1,787,831 $662,153 $2,449,984

Home Value Compared to the Market

This property vs the competition

9701 W Pico Blvd sold on December 30, 2022 for 529.41% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $839.22 per/sqft which puts the price per square foot 11.15% higher than the current median sale per square foot for the city of Los Angeles.

About 9701 W Pico Blvd

Detailed summary of property

9701 W Pico Blvd is a other that recently sold in Los Angeles, CA 90035. This property offered -- bedrooms, -- bathrooms, roughly 8,925 living square feet, and sits on an approximately 10,571 square foot lot. 9701 W Pico Blvd was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $7,490,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 529.41% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 92 days, 9701 W Pico Blvd has a days on market of 3 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 9701 W Pico Blvd Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 9701 W Pico Blvd

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
8,036
Lot Size
10,570
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
202,203
APN
4330-018-022

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$784
Median Sold Price
$1,465,000
Median Sold Price/Sq.Ft.
$843
Total Inventory
59
Median Sale to List Price %
104.64%
Avg Days on Market
35
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (23.08%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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