2709 W Pico Boulevard, Los Angeles, CA 90006

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Glen Henderson

[email protected] +1(619) 889-7646

$5,500,000

Est. payment - /mo

2 Beds

4 Baths

0.33 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25089486

Bedrooms 2

HOA Y/N No

Lot Size 0.327 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional,Exchange,Seller May Carry

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 $128k/unit and $153/sqft. The property is currently operating at a 6.73% CAP and 8.36 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.
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 $128k/unit and $153/sqft. The property is currently operating at a 6.73% CAP and 8.36 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.

Location

State CA

County Los Angeles

Area Los Angeles (90006)

Zoning Assessor

Building

Story 3

Others

Acceptable Financing Cash, Conventional, Exchange, Seller May Carry

Space Rent $1,900

Listing Terms Cash, Conventional, Exchange, Seller May Carry

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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2709 W Pico Boulevard Los Angeles, CA 90006

Glen Henderson

Key Details

Location

Building

Others

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