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Listed by: Mihwa Yi DRE #01987254 | Epique Realty (888) 893-3537
$1,300,000
1 Bed
- -- Bath
--sqft
2842 W Pico, Los Angeles, CA 90006
$1,300,000
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Apartment
Built in 1909
$-- HOA
6,509 sqft lot
--/sqft
Description
This is a bulk sale that includes 2836, 2842, 2846, 2854, and 2858 W. Pico Blvd. The total asking price for all five parcels is $6.5 million. The seller is not willing to sell the properties individually. The seller is also open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots.
The combined site area is approximately 32,500 square feet, making it an excellent opportunity for an affordable housing development in a prime location. The seller is currently pursuing entitlements with the HPOZ and the City Planning Department for a 100% affordable housing apartment project. The current proposal submitted to the City is for app...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1909
HOA Fees
-
Finished Area
- sqft
Lot Size
6,509 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26165346
MLS Status
Active
Days on Market
6
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