2709 W Pico BLVD, Los Angeles, CA 90006
2709 W Pico BLVD, Los Angeles, CA 90006
2709 W Pico BLVD, Los Angeles, CA 90006
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$5,150,000
Est. payment /mo
0.33 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26142935

HOA Y/N No

Year Built 1924

Lot Size 0.327 Acres

Lot Dimensions Assessor

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Urban

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5078033012

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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