2709 W Pico Blvd, Los Angeles, CA, 90006
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Property Details
4
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 4 • Bathrooms: 0 • Square Feet: 35892 • Lot/Size: 14,259 sqft lot
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. 12
Location
Address
2709 W Pico Blvd, Los Angeles, CA, 90006
City
Los Angeles
Features and Finishes
Year Built: 1924; [object Object]; [object Object]; [object Object]
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