777 E Pico Blvd

777 E Pico Blvd is located in the heart of Downtown Los Angeles, within the Fashion District. This area is known for its mix of industrial and commercial properties, including warehouses, manufacturing facilities, and wholesale businesses. It’s an area that’s been undergoing revitalization and transformation, attracting a variety of new businesses and creative spaces. Over recent years, the neighborhood has seen an influx of artists and entrepreneurs, contributing to a dynamic and evolving environment. Although it still retains its industrial roots with many active warehouses and factories, the region is also becoming known for its urban art scene, trendy lofts, and growing number of tech startups. Close to the Arts District, this location offers a blend of historic architecture and modern amenities. It is well connected to other parts of Los Angeles through major freeways and public transportation. The area also has a growing reputation for chic eateries, breweries, and coffee shops, catering to a diverse and energetic crowd. Real estate in the area attracts a mix of investors looking for commercial, industrial, and increasingly, residential development opportunities, as more people seek to live and work in this urban and culturally rich enclave of Downtown Los Angeles.777 East Pico Blvd is a 4,880 SF commercial building with a 24’ ceiling with a mezzanine consisting of an additional 3,400 SF that was built to code but not recorded. Total usable finished space is 8,280 SF. The property was initially designed to accommodate three separate units with three electrical meters, three restrooms, three HVAC units, three rear loading doors and three shop front doors. The 2016 concrete block construction building is ideally situated in the Fashion District, central to the Arts District, Warehouse District, Flower District, Historic Core as well as South Park. Located between San Pedro Street and Stanford Avenue, just blocks from the San Pedro Wholesale Mart and LA Face Mart, 777 E Pico Blvd is only a few blocks north of the Santa Monica (I-10) Freeway in a Designated Qualified Opportunity Zone. Further, due to the recent change in zoning, the building is now eligible for mixed use – including live-work – without requiring a conditional use permit. In addition to the potential for live-work conversion, the potential to convert the building into three retail stores should be attractive to both investors and owner-users, especially for those that can qualify for an SBA loan.