2846 W Pico, Los Angeles, CA 90006
$1,300,000
Est. payment /mo
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6,507 Sqft Lot
New

2846 W Pico Los Angeles, CA 90006

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Brian Winter

Brian Winter

+1(559) 737-2923

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26165411

HOA Y/N No

Year Built 1947

Lot Size 6,507 Sqft

Property Sub-Type Mixed Use

Property Description

This is a bulk sale that includes 2836, 2842, 2846, 2854, and 2858 W. Pico Blvd. The total asking price for all five parcels is $6.5 million. The seller is not willing to sell the properties individually. The seller is also open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots.

The combined site area is approximately 32,500 square feet, making it an excellent opportunity for an affordable housing development in a prime location. The seller is currently pursuing entitlements with the HPOZ and the City Planning Department for a 100% affordable housing apartment project. The current proposal submitted to the City is for approximately 175 residential units.

All five parcels must be sold together. This is an exceptional opportunity for developers and investors specializing in affordable housing or senior housing projects. Affordable housing developers and investors are encouraged to inquire.

Location

State CA

County Los Angeles

Area Krea - Koreatown

Interior

Fireplace No

Laundry None

Building

Lot Description 2-5 Units/Acre

Story 1

Water Public

Others

Tax ID 5075010004

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Mihwa Yi Epique Realty #01987254

NEARBY SCHOOL & BUSINESS

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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2846 W Pico

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