3030 W Pico Boulevard, Los Angeles, CA 90006 - Berkshire Hathaway HomeServices California Properties
3030 W Pico Boulevard Los Angeles, CA 90006
$1,500,000 0 beds, 0 baths
0 sqft

Agent Remarks

Exceptional Investment Opportunity: Premier Mixed-Use Property in Downtown Los Angeles. Presenting a rare opportunity to acquire a high-value mixed-use commercial property strategically positioned at the prominent intersection of Pico Blvd. and Oxford Ave. This corner property combines stable income, strong tenant demand, and future growth potential, boasting an impressive 6.18% CAP rate and a monthly rental income of $10,396. This two-story property spans 7,360 sq. ft. on a 4,194 sq. ft. lot (zoned LAC2). It features a reliable retail tenant (a hardware store) and six fully leased residential studios on month-to-month agreements. With nearly 100% occupancy and tenants maintaining excellent credit profiles, this asset offers investors a blend of consistent income and substantial long-term upside.This property represents a rare chance to own a prime mixed-use building in the heart of downtown Los Angeles, providing a compelling combination of immediate returns and future value appreciation in one of the city's most sought-after markets.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 24472817
List price is $1,500,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1913
0.10 acres
Lot size: 0.0963
County: Los Angeles
Zoning: LAC2
MLS area: C16 - Mid Los Angeles

Last Updated: 12/22/2024

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.046964, -118.307106.
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Listing Agent: Ki Seon Im
Lic#: 01234982
Office Name: Mission Viejo

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