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$5,150,000

FOR SALE
Active

2709 W Pico Boulevard

Los Angeles, CA

MLS# SB26142935

Mixed Use
136 days on marketNalren refreshed

Listing Agent

Cameron Samimi

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 02035763

(310) 259-7556

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Christopher Bald

Co-Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 01909867

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1924

Year Built

0.33 acres

Lot Size

N/A

Price/Sq Ft

1

Garage Spaces

N/A

HOA

Mixed Use

Property Type

Description

2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sq.ft building is offered at only $119k/unit and $143/sqft. The property is currently operating at a 8.79% CAP and 6.69 GRM. There is still over 46% upside available once the property is stabilized. The property is Separately Metered for Gas and Electricity. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1-Bed/1-Bath, (32) Studio/1-Bath, (2) restaurants, (2) Retail, (1) Discount store, (1) Salon and (1) Upholstery Store. There are (5) 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.

Facts & Features

Interior

Laundry Features
None

Exterior

Private Pool
No
Lot Features
0–1 Acre Lot

Building

Year Built
1924
Building Area Total
35,892
Stories Total
3

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
1
Parking Total
1

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