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Listed by: Todd Bernstein (310) 751-4229 DRE #01816580 | Coldwell Banker Realty (818) 222-0023
$1,695,000
Monthly Est:$8,437
16 Beds
16 Baths
9,408sqft
2314 W Pico Blvd, Los Angeles, CA 90006
$1,695,000
$8,437/moEst:
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Multi Family
Built in 1922
$-- HOA
7,005 sqft lot
$180/sq.ft
Description
BK SALE/DISTRESSED ASSET! Todd Bernstein is pleased to present Pico Apartments, a 16-unit multifamily investment opportunity located at 2314 W Pico Boulevard in the Harvard Heights neighborhood of Los Angeles. The property consists of 16 single units and is 100% occupied, providing investors with immediate in-place cash flow and long-term rental upside.Offered at $1,750,000, the property provides an attractive basis of $109,375 per unit and a 7.59% cap rate on current operations. Significant capital improvements have already been completed, including a seismic retrofit, mini-split A/C in every unit, and a full electrical upgrade with individual meters. Eight of the 16 units currently rent for less than $1,000 per month, creating long-term income growth potential as units turn over and rents may be repositioned toward prevailing market levels, subject to applicable rent-control regulations.Strategically positioned between Koreatown, Downtown Los Angeles and the USC/Exposition Park corridor, the property offers a 91 Walk Score and convenient access to major employment, entertainment and educational destinations.
- Houzeo last checked: 12 minutes ago
- Listing updated: October 29, 2026 at 12:42 am
- Source: California Regional MLS-CA | MLS#: 26104959
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1922
HOA Fees
-
Finished Area
9,408 sqft
Lot Size
7,005 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26104959
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 16
Interior
Heating
Floor Furnace
Appliances
Vented Exhaust Fan
Utilities & Energy
Parking Features
None
Laundry Features
Laundry Room
Price History
| Date | Event | Price |
|---|---|---|
10/19/2026 Source: | Listed for Sale | $1,695,000 -34.81% $180/sqft |
07/12/2024 Source: | Off Market | $2,600,000 $276/sqft |
12/01/2023 Source: | Sold | $2,600,000 $276/sqft |
Pico-Union Ranks #4 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 29, 2026, 04:00AM and /or other sources. 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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