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Listed by: Cameron Samimi DRE #02035763, Christopher Bald DRE #01909867 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$5,150,000
4 Beds
- -- Bath
--sqft
2709 W Pico Blvd, Los Angeles, CA 90006
$5,150,000
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Mixed Use
Built in 1924
$-- HOA
14,259 sqft lot
--/sqft
Description
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 $119k/unit and $143/sqft. The property is currently operating at a 7.66% CAP and 7.56 GRM. There is still over 55%+ 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 renta...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1924
HOA Fees
-
Finished Area
- sqft
Lot Size
14,259 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25223715
MLS Status
Active
Days on Market
87
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