2314 W Pico Blvd | Los Angeles, CA 90006
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- LoopNet Team
2314 W Pico Blvd
Los Angeles, CA 90006
16-unit Value Add with over 9% Proforma CAP · Residential Property For Sale · 16 Units
Investment Highlights
- Excellent rental upside of about ±64% and over ±9% Proforma CAP Rate and ±8.15x Proforma GRM; Can be delivered with 2 Vacancies for immediate turnover
- Nearby major employers: Good Samaritan Hospital, The Ritz Carlton, University of Southern California, Fashion Institiute of Design & Merchandise
- Recent major capital improvements: eartquake retrofitted, new mini split A/C systems for each unit, full electrical upgrade (service + main panel)
- STRONG Central Location! Perfectly adjacent to Downtown Los Angeles, Harvard Heights, Mid-City, MacArthur Park, University Park and Koreatown.
- Walk Score of 91 (Walkers Paradise); Efficient Unit Mix (16) large studios of about ±500 SQFT each.
- Functional two-story layout with spacious and functional unit layout
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.16 AC |
| Property Type | Residential | Building Size | 9,408 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | Number of Floors | 2 |
| Building Class | C | Year Built/Renovated | 1922/2022 |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,408 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1922/2022 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Granite Countertops
- Wooden Floors
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 588 |
PROPERTY TAXES
| Parcel Number | 5056-004-004 | Improvements Assessment | £406,535 |
| Land Assessment | £1,707,447 | Total Assessment | £2,113,982 |
PROPERTY TAXES
Parcel Number
5056-004-004
Land Assessment
£1,707,447
Improvements Assessment
£406,535
Total Assessment
£2,113,982
zoning
| Zoning Code | C2, Los Angeles |
| C2, Los Angeles |
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