2709 West. Pico Blvd., Los Angeles, CA 90006 - SB24052600 - iPro Real Estate

2709 West. Pico Blvd.
Los Angeles, CA 90006

Active, Multi-Family/Income Sale

For Sale

$5,950,000 $417.28 per sqft

Free Professional CMA

Listing ID : SB24052600

  • Lot Size

    14,259 Sqft
  • Year

    1924

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 6.22% 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. 2709 Pico Blvd 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.

Details

Type: Multi-Family/Income Sale 
Subdivision: 699 - Not Defined 
County: Los Angeles 
Cap Rate: 6.22% 
Gross Rent Multiplier: 9.49 
Days on Market: 74 
AltCal ID: CRSB24052600 
Laundry: None 
Number of Buildings: 1 
Number of Units: 43 
Property Type: Commercial Sale 
Water: District - Public 

Show More

Interactive

36.242321 -119.793243 $5,950,000 SB24052600
2709 West. Pico Blvd., Los Angeles, CA 90006
Directions to here from:

Mortgage Calculator

Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.

Based on information from the MLSListings MLS) as of 5/27/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 5/27/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. ©2024 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes