2709 Pico Boulevard, Los Angeles, CA 90006
  • MLS#: SB24052600 ( Apartment )
  • Street Address: 2709 Pico Boulevard
  • Viewed: 2
  • Price: $5,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1924
  • Bldg sqft: 0
  • Days On Market: 245
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90006
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Cameron Cameron
  • California Regional MLS IDX
  • DMCA Notice
  • 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 $138k/unit and $165/sqft. The property is currently operating at a 5.47% CAP and 9.49 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.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Building Area Total
  1. 35982.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 188
Electric Expense
  1. 0.00
Entry Location
  1. front
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 325209.00
Number Of Separate Electric Meters
  1. 43
Number Of Separate Gas Meters
  1. 43
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 410948693:CRM
Totalexpenses
  1. 282926.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1924
Year Built Source
  1. Assessor