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2836 W Pico, Los Angeles, CA 90006
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HomeSmart Realty West

HomeSmart Realty West

+1(760) 607-5900
$1,300,000
Est. payment /mo
5 Beds
3 Baths
2,220 SqFt
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UPDATED:

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

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MLS Router / San Diego MLS
Listed by Mihwa Yi, DRE#01987254 Epique Realty 

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HomeSmart Realty West

HomeSmart Realty West

+1(760) 607-5900

Broker | License ID: DRE#1905908

Broker License ID: DRE#1905908

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