Built in 1984, 4059 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 $138k/unit and $165/sqft. The property is currently operating at a 6.22% CAP and 9.49 GRM. There is still over 39% upside available… Read Moreonce 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.
The property is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, estaurants and amenities nearby, making this an ideal location for renters.Read Less
Features
Units
43
SF
35,982
Lot Size
14,259
Built
1924
GSI
$626,943
Mortgage Calculator
Monthly Payment
$36,635
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