2709 W Pico Boulevard

Los Angeles, CA 90006

$5,950,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1924

calendar_month Built

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 $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

List Price $5,950,000
Status Active
MLS SB24052600
Type Residential Income
Subtype Apartment
Year Built 1924
Lot Size 14,259
Structure Size N/A
DOM 175
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Cameron Samimi DRE#02035763
Co-Listing Agent Christopher Bald DRE#01909867

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Cameron Samimi, Christopher Bald, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 23rd, 2024 at 10:30 PM 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.