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$1,695,000

FOR SALE
Active

2314 W Pico Boulevard

Los Angeles, CA

MLS# 26104959

9,408 Sq Ft16bd • 16ba
2 days on marketNalren refreshed

Listing Agent

Todd Bernstein

Listing Agent

Coldwell Banker Realty

DRE #: 01816580

(818) 222-0023

Brokerage: Coldwell Banker Realty

Property Details

16

Bedrooms

16

Bathrooms

9,408 sqft

Square Feet

1922

Year Built

7,005 sqft

Lot Size

$180

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

BK SALE/DISTRESSED ASSET! T Pico Apartments, a 16-unit multifamily investment opportunity located at 2314 W Pico Boulevard in the Harvard Heights neighborhood of Los Angeles. The property consists of 16 single units and is 100% occupied, providing investors with immediate in-place cash flow and long-term rental upside.Offered at $1,750,000, the property provides an attractive basis of $109,375 per unit and a 7.59% cap rate on current operations. Significant capital improvements have already been completed, including a seismic retrofit, mini-split A/C in every unit, and a full electrical upgrade with individual meters. Eight of the 16 units currently rent for less than $1,000 per month, creating long-term income growth potential as units turn over and rents may be repositioned toward prevailing market levels, subject to applicable rent-control regulations.Strategically positioned between Koreatown, Downtown Los Angeles and the USC/Exposition Park corridor, the property offers a 91 Walk Score and convenient access to major employment, entertainment and educational destinations.

Facts & Features

Interior

Laundry Features
Laundry Room
Appliances
Vented Exhaust Fan

Building

Year Built
1922
Living Area
9,408 sqft
Building Area Total
9,408
Levels
Two
Stories Total
0

Utilities

Heating
Floor Furnace

Parking

Parking Features
None
Parking Total
0

Community / HOA

HOA
No

Sale history for 2314 W Pico Boulevard

  • Sold $2,600,000 in December 2023 · MLS #AR23002463 · Source: CRMLS

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CRMLS

MLS# 26104959

Listed:

Nalren refreshed:

Last updated

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Listed by: Coldwell Banker Realty

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.