2836 W Pico, Los Angeles, CA, US, 90006
2836 W Pico, Los Angeles, CA, US, 90006Basics
- Date added: Added 2 months ago
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 5
- Bathrooms: 3
- Area: 2220 sq ft
- Lot size: 6508, 6508 sq ft
- Year built: 1900
- View: None
- County: Los Angeles
- MLS ID: PW26164705
Description
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Description:
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.
All five parcels must be sold together. This is an exceptional opportunity for developers and investors specializing in affordable housing or senior housing projects. Affordable housing developers and investors are encouraged to inquire.
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Location
- Directions: Pico Blvd and Normandie Ave
- Lot Size Acres: 0.1494 acres
Building Details
- Structure Type: House
- Water Source: Public
- Lot Features: ZeroToOneUnitAcre
- Sewer: PublicSewer
- Common Walls: NoCommonWalls
- Garage Spaces: 2
- Levels: One
Amenities & Features
- Pool Features: None
- Parking Total: 2
- Cooling: WallWindowUnits
- Fireplace Features: None
- Laundry Features: WasherHookup
Nearby Schools
- High School District: Los Angeles Unified
Expenses, Fees & Taxes
- Association Fee: 0
Agent info
- Agent name: Mihwa Yi
- Agent MLS: PWYIMIH
- Agent email: sellhouse8282@gmail.com
- Agent officephone: 888-893-3537
Miscellaneous
- List Office Name: Epique Realty
- Listing Terms: Cash,Conventional,Exchange1031,GovernmentLoan,LeaseOption,LandUseFee
- Common Interest: None
- Community Features: StreetLights,Sidewalks,Urban
