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2314 W Pico Blvd
Los Angeles, CA 90006
Pico Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- 16-Unit PRIME Value-Add Opportunity!
- STRONG Central Location! Perfectly adjacent to Koreatown, Downtown Los Angeles, Harvard Heights, Mid-City, MacArthur Park, and University Park.
- Individually Metered for Gas & Electricity!
- Excellent Rental Upside of about ±53% and over ±8.52% Proforma CAP Rate
- Recent Major CAPEX: Earthquake Retrofitting, Mini Split A/C Systems for each unit, Full Electrical Upgrade (service + main panel).
- Efficient Unit Mix (16) Large Studios of about ±500 SQFT each
Property Facts
| No. Units | 16 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 9,408 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1922 |
| Zoning | C2, Los Angeles | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,408 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | C2, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Granite Countertops
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 588 |
Property Taxes
| Parcel Number | 5056-004-004 | Improvements Assessment | $510,000 |
| Land Assessment | $2,142,000 | Total Assessment | $2,652,000 |
Property Taxes
Parcel Number
5056-004-004
Land Assessment
$2,142,000
Improvements Assessment
$510,000
Total Assessment
$2,652,000
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