$1,300,000
Est. payment /mo
5 Beds
3 Baths
2,220 SqFt
New
2836 W Pico Los Angeles, CA 90006
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $585
MLS Listing ID PW26164705
Bedrooms 5
Full Baths 3
Year Built 1900
Lot Size 6,508 Sqft
Property Sub-Type Detached
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
Direction Pico Blvd and Normandie Ave
Interior
Cooling Wall/Window
Fireplace No
Laundry Washer Hookup
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 2
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 5075010006
Acceptable Financing Cash, Conventional, Exchange, Lease Option
Listing Terms Cash, Conventional, Exchange, Lease Option
Special Listing Condition Standard
Listed by Mihwa Yi, DRE#01987254 Epique Realty
NEARBY SCHOOL & BUSINESS
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