15
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$1,500,000
Est. payment /mo
7,360 SqFt
New
3030 W Pico Blvd Los Angeles, CA 90006
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UPDATED:
12/17/2024 08:50 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,360 sqft
Price per Sqft $203
MLS Listing ID 24-472817
Year Built 1913
Lot Size 4,194 Sqft
Acres 0.0963
Property 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.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAC2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Ivy Realty Co.