Los Angeles, CA 90006,2709 W Pico Boulevard
Los Angeles, CA 90006,2709 W Pico Boulevard
Los Angeles, CA 90006,2709 W Pico Boulevard
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$5,500,000
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35,982 SqFt
Active

2709 W Pico Boulevard Los Angeles, CA 90006

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 35,982 sqft

Price per Sqft $152

MLS Listing ID CRSB25089486

HOA Y/N No

Year Built 1924

Lot Size 0.327 Acres

Acres 0.33

Property Sub-Type Other

Property Description

Seller financing available at 4% IO with 40% Down! 2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $128k/unit and $153/sqft. The property is currently operating at a 6.73% CAP and 8.36 GRM. There is still over 39% upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (4) studio/1-bath units that are currently vacant, offering immediate upside in rental income. 1262 Fedora St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry No Hookups

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 5078033012


Bridge MLS
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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2709 W Pico Boulevard