2836 West Pico Boulevard

Los Angeles CA 90006

2220 sq. ft.

6508 sq. ft.

Single-Family

Currently for sale - view listing

Overview

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.

Features

5 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

2220 sq. ft. floor area

6508 sq. ft. lot size

Single-Family

Property history for 2836 West Pico Boulevard

2019

Sold

$1,300,000

06 Nov 2019 by Kay Han, of Masters Realty Group

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