3030 W Pico Boulevard
Los Angeles, CA 90006
0.10 acres | #24472817
Description
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.
Property Details
- Property SubtypeCommercialSale
- CountyLos Angeles
- Original List Price$1,500,000
- Property TypePurchase
- MLS #24472817
- MLS #24472817
- Cost1500000
- Acres0.0963
- Year Built1913
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ki Seon Im (#CLW-C106354)
Listing Office: Ivy Realty Co. (#CLW-L03846)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
