2314 W Pico BLVD, Los Angeles, CA 90006
2314 W Pico BLVD, Los Angeles, CA 90006
2314 W Pico BLVD, Los Angeles, CA 90006
2314 W Pico BLVD, Los Angeles, CA 90006
2314 W Pico BLVD, Los Angeles, CA 90006
2314 W Pico BLVD, Los Angeles, CA 90006
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Cheyenne Rodriguez

Cheyenne Rodriguez

+1(909) 935-3650
$ 1,649,000
Est. payment | /mo

16 Beds

16 Baths

9,408 SqFt

Save
$ 1,649,000
Est. payment | /mo
Save

16 Beds

16 Baths

9,408 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,408 sqft

Price per Sqft $175

MLS Listing ID 26104959

Bedrooms 16

HOA Y/N No

Year Built 1922

Lot Size 7,004 Sqft

Property Description

BK SALE/DISTRESSED ASSET! T Pico Apartments, a 16-unit multifamily investment opportunity located at 2314 W Pico Boulevard in the Harvard Heights neighborhood of Los Angeles. The property consists of 16 single units and is 100% occupied, providing investors with immediate in-place cash flow and long-term rental upside.Offered at $1,750,000, the property provides an attractive basis of $109,375 per unit and a 7.59% cap rate on current operations. Significant capital improvements have already been completed, including a seismic retrofit, mini-split A/C in every unit, and a full electrical upgrade with individual meters. Eight of the 16 units currently rent for less than $1,000 per month, creating long-term income growth potential as units turn over and rents may be repositioned toward prevailing market levels, subject to applicable rent-control regulations.Strategically positioned between Koreatown, Downtown Los Angeles and the USC/Exposition Park corridor, the property offers a 91 Walk Score and convenient access to major employment, entertainment and educational destinations.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Heating Floor Furnace

Fireplace No

Appliance Vented Exhaust Fan

Laundry Laundry Room

Exterior

Parking Features None

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5056004004

Special Listing Condition Bankruptcy Property

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Todd Bernstein Coldwell Banker Realty #01816580

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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2314 W Pico BLVD