3030 Pico Boulevard, Los Angeles, CA 90006
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- MLS#: 24472817 ( )
- Street Address: 3030 Pico Boulevard
- Viewed: 1
- Price: $1,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1913
- Bldg sqft: 0
- Days On Market: 22
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90006
- Provided by: Ivy Realty Co.
- Contact: Ki Seon Ki Seon
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DescriptionExceptional Investment Opportunity: Premier Mixed Use Property in Downtown Los Angeles. Presenting a rare opportunity to acquire a high value mixed use commercial property strategically positioned at the prominent intersection of Pico Blvd. and Oxford Ave. This corner property combines stable income, strong tenant demand, and future growth potential, boasting an impressive 6.18% CAP rate and a monthly rental income of $10,396. This two story property spans 7,360 sq. ft. on a 4,194 sq. ft. lot (zoned LAC2). It features a reliable retail tenant (a hardware store) and six fully leased residential studios on month to month agreements. With nearly 100% occupancy and tenants maintaining excellent credit profiles, this asset offers investors a blend of consistent income and substantial long term upside.This property represents a rare chance to own a prime mixed use building in the heart of downtown Los Angeles, providing a compelling combination of immediate returns and future value appreciation in one of the city's most sought after markets.
Property Location and Similar Properties
Features
Assetclass
- Multi-Family
- Retail
Building Area Total
- 7360.00
Country
- US
Netoperatingincome
- 92636.00
Parcel Number
- 5074001011
Postalcodeplus4
- 3805
Totalexpenses
- 32116.00
Year Built
- 1913
Zoning
- LAC2