Description

This is a rare investment opportunity in the Fashion District, ideal for investors or developers seeking value-add potential. The properties, located just south of the iconic Santee Alley and four blocks north of the Santa Monica (I-10) Freeway, feature prominent frontage on Pico Boulevard and Maple Avenue, with ±99.75’ on Pico and ±47.8’ on Maple. Short-term leases are currently in place, offering the ability to reposition the assets and increase rents to market levels, with excellent potential for creative conversion or mixed-use redevelopment. The portfolio includes three store buildings: 1311 Maple Ave, a one-story, wood-frame building of ±6,900 SF on a ±7,173 SF lot; 316 E Pico Blvd, a two-story building of 7,490 SF on a ±4,015 SF lot; and 318 E Pico Blvd, a two-story building of ±6,750 SF on a ±4,046 SF lot. All were built in 1989, and interested parties should contact the broker for rent roll and income/expense details.