2836 W Pico, Los Angeles, CA 90006
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Chris Mardelli

Chris Mardelli

+1(310) 571-5761
$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 Single Family Residence

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

HOA Y/N No

Year Built 1900

Lot Size 6,507 Sqft

Property Sub-Type Single Family Residence

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

Area Krea - Koreatown

Rooms

Main Level Bedrooms 2

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks, Urban

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5075010006

Acceptable Financing Cash, Conventional, 1031 Exchange, Government Loan, Lease Option, Land Use Fee

Listing Terms Cash, Conventional, 1031 Exchange, Government Loan, Lease Option, Land Use Fee

Special Listing Condition Standard

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Listed by Mihwa Yi Epique Realty #01987254
Nearby Schools & Businesses

 

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Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761 | chris@therealupside.com

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2836 W Pico

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