2709 W Pico Boulevard
Los Angeles, CA 90006
Active for $5,950,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 14,259 sqft
| MLS | SB24052600 |
| Year Built | 1924 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $5,950,000 |
| Structure Size | N/A sqft |
| Lot Size | 14,259 sqft |
| Beds | N/A |
| Baths | N/A |
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 $138k/unit and $165/sqft. The property is currently operating at a 5.47% CAP and 9.49 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.
Listing information courtesy of: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 09/19/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Tom Onogi
REALTOR®
Direct: 626.353.0614
Email: Email Me
DRE: 02024300
DRE #01873088
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