N/A
Bedrooms
$5,150,000
FOR SALELos Angeles, CA
MLS# SB26142935
Cameron Samimi
Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 02035763
(310) 259-7556Brokerage: 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.
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
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.
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Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →
2709 W Pico Boulevard
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