$1,695,000
( $180.17Per Sq Foot )
 $9,099 est/mo Sourced by Back At You

2314 W Pico Boulevard,Los Angeles, CA 90006

Los Angeles, CA 90006

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Description

BK SALE/DISTRESSED ASSET! Kidder Mathews and Coldwell Banker Commercial Realty are pleased to present Pico Apartments, a 16-unit multifamily investment opportunity located at 2314 W Pico Boulevard in the Harvard Heights neighborhood of Los Angeles. The property consists of 16 single units and is 100% occupied, providing investors with immediate in-place cash flow and long-term rental upside.Offered at $1,750,000, the property provides an attractive basis of $109,375 per unit and a 7.59% cap rate on current operations. Significant capital improvements have already been completed, including a seismic retrofit, mini-split A/C in every unit, and a full electrical upgrade with individual meters. Eight of the 16 units currently rent for less than $1,000 per month, creating long-term income growth potential as units turn over and rents may be repositioned toward prevailing market levels, subject to applicable rent-control regulations.Strategically positioned between Koreatown, Downtown Los Angeles and the USC/Exposition Park corridor, the property offers a 91 Walk Score and convenient access to major employment, entertainment and educational destinations.

Details

MLS #26103162
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1922
Days On Site9
Listing Provided ByColdwell Banker Realty | Todd Bernstein

Features

SQ Feet9,408
Story(s)2
ZoningLAC2
Acreage0.16

Exterior

Security FeaturesCarbon Monoxide Detectors, Fire Detection System, Smoke Detectors

Utilities

ElectricStandard

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC16 Mid Los Angeles
Listing VS Median (in 90006)
Price:
$1,695,000
low | high
Med:
$199,900
100% of Average
sqft:
9,408
low | high
Med:
370
100% of Average
$ / sqft:
$180
low | high
Med:
$540
100% of Average
On site:
9
low | high
Med:
8
100% of Average
Sourced by Back At You

Market Activity 90006

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Contact

Learn More About This Property

Wayne Miller

Wayne Miller

LHC Firm Commercial

02088562 (386) 503-2702waynemillerrealestate@gmail.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC16 Mid Los Angeles
Listing VS Median (in 90006)
Price:
$1,695,000
low | high
Med:
$199,900
100% of Average
sqft:
9,408
low | high
Med:
370
100% of Average
$ / sqft:
$180
low | high
Med:
$540
100% of Average
On site:
9
low | high
Med:
8
100% of Average
Sourced by Back At You
Listing Updated: October 19, 2026 at 8:05:12 PM PDT

Wayne Miller - LHC Firm Commerical