2709 West Pico Boulevard
2709 West Pico Boulevard
$5,950,000
2
36
35,982
35,982
$165
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...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.
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...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.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Christopher Bald • DRE #01909867 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 2709 West Pico Boulevard
Parking Spaces Total
0
Private PoolNo
Total Units43.0
Building TypeAttached
Lot Size SourceAssessor
Living Area35982
Property Attached YNtrue
Common Walls2+ Common Walls
Location
LISTING UPDATED: 04/01/2024 12:02 AM
Property Details for 2709 West Pico Boulevard
Status | Active |
---|---|
MLS # | SB24052600 |
Days on Market | 51 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1924 |
County | Los Angeles County |
Location
Building Information for 2709 West Pico Boulevard
Building/Complex2709 W Pico BlvdFloor-Stories3Residences-Pet Policy-Year Built1924Building Size-
Payment Calculator
$32,472 per month
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Property Information for 2709 West Pico Boulevard
Property History for 2709 West Pico Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2709 West Pico Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Los Angeles Elementary School PublicK to 5 | ||
Berendo Middle School Public6 to 8 | ||
West Adams Preparatory High School Public9 to 12 | ||
Odyssey Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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