3030 W Pico Blvd - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,500,000 USD
213-505-6345
3030 W Pico Blvd, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/15
null | 6.18% Cap Rate

3030 W Pico Blvd
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Commercial/ Office/ Residential Use, CPA 6.18%
  • Upstairs features 6 individual Studio Units
  • Lower Level features Hardware Store
  • One Block from Western Ave./ Located minutes from DTLA
  • High rental income of $127,752/year with additional income potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

6.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,283 SF

ZONING

LAC2

APN/PARCEL ID

5074-001-011

ASK ABOUT THIS PROPERTY

Kevin IMIvy RealtyMore Info
213-505-6345

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kevin IMIvy RealtyMore Info
213-505-6345

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.