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2709 W Pico Blvd 36 Unit Apartment Building $5,150,000 ($143,056/Unit) 7.66% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Mixed Use 43-Unit building located in Pico Union (36 apartments, 7 commercial)
- Currently operated at a 7.66% CAP and 7.56 GRM
- (7) Commercial units broken down into (2) Restaurants, (2) Retail, (1) Discount Store, (1) Salon and (1) Upholstery Store
- Priced at only $119k/Unit and $143/SF
- (32) Studio/1-Bath & (4) 1-Bed/1-Bath Units - (4) Studios are currently vacant
EXECUTIVE SUMMARY
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 $119k/unit and $143/sqft. The property is currently operating at a 7.66% CAP and 7.56 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. 1262 Fedora St 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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Package Service
- Public Transportation
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5078-033-012 | Improvements Assessment | $3,874,390 (2025) |
| Land Assessment | $817,523 (2025) | Total Assessment | $4,691,913 (2025) |
PROPERTY TAXES
Parcel Number
5078-033-012
Land Assessment
$817,523 (2025)
Improvements Assessment
$3,874,390 (2025)
Total Assessment
$4,691,913 (2025)
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2709 W Pico Blvd
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