Properties | C on Pico

C on Pico

94-Unit Apartment Community

12301 W Pico Blvd | Los Angeles, CA

Sales Price: Private

Units: 94

Price per Unit: N/A

Price per Sq. Ft.: N/A

Year Built: 2014

Lot Size Sq. Ft.: 25,700

Net Rentable Sq. Ft.: 94,961

On Market Date: 5/19/16

Close of Escrow: 9/23/16

At the epicenter of West of Los Angeles, on the border of Santa Monica and mere steps from the new Expo Metro Line (set to open on May 20th), sits C on Pico (the “Property”), a rare 94 unit luxury enclave built in 2014. Conveniently located at the intersection of Centinela and Pico Boulevard, this premier asset delivers accessibility to the beaches of Santa Monica, high-tech jobs of Silicon Beach as well as the rest of Los Angeles via the 10/405 freeways. A true transit-oriented offering, set to capitalize on the Expo line which will connect Santa Monica to Downtown Los Angeles by rail for the first time in over 50 years.

Rare is an understatement. West Los Angeles primarily consists of 50’s & 60’s vintage assets with an average building size of 15 units. The opportunity to acquire size, amenities and new construction in a West Los Angeles location that delivers a heavily supply constrained market with strong rent growth, low vacancy, and an ever expanding job base simply does not exist.

The Harris Group, as the exclusive listing agent, is pleased to announce the sale of C on Pico.

 
  • Rare Sizable New Construction Asset in West Los Angeles
  • Ideal Location, at the Intersection of West Los Angeles and Santa Monica - The Most Central Address in All of Los Angeles
  • New Construction in Westside Los Angeles with Unparalleled Unit Interior Finishes - Units are a Beautiful Mix of Modern/Luxury Finishes and Natural Materials
  • Outstanding “Best of Both Worlds” Location - Coastal & Urban
  • Located One Block from the Newly Expanded Metro Line - Providing Rail Access to the Beach and Downtown Los Angeles - Bringing with It Access to an Influx of New Residents, Jobs & Amenities
  • Sits at the Epicenter of the LA Tech & Startup Community - 50 Startups within a 1 Mile Radius
  • Highly Affluent and Educated Tenant Base
  • A Walkable Amenity Base - C on Pico Boasts a Walk Score of 83 and Climbing
  • High Demand for Luxury Living - Households are Priced Out of Home Ownership Due to a $3,574 Affordability Gap vs Renting at C on Pico (West LA Median SFR Sales Price is $1.24MM)
  • Surrounded by Class “A” Office Buildings - Located Less than 1.6 Miles from The Water Garden, Arboretum Courtyard, Element: LA and Westside Media Center