2836 W Pico, Los Angeles, CA 90006
List Price: $1.3M
Listing Status: Active
0Days on Market: 0
5 Bedrooms · 3 Bathrooms · 2,220 sq ft
Property Type: Residential
Year Built: 1900
Lot Size: 6,508 sq ft
Garage Spaces: 2
Private Pool: Yes
MLS Number: PW26164705
About This Property
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.
Listing provided by: Mihwa Yi DRE #01987254 888-893-3537 sellhouse8282@gmail.com, Epique Realty
Source: CRMLS, MLS #: PW26164705
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.