3201 E Pico Boulevard, Los Angeles CA, 90023
(Active)
$655,000
|
1,870 sqft
|
MLS# OC24060765
Last Updated: 4/27/2024 2:04 AM
Description for
3201 E Pico Boulevard
Los Angeles, CA 90023
Two units!!! This mixed-use property presents a rare and valuable opportunity for ambitious entrepreneurs and investors/ developers. This property boasts excellent visibility with significant street signage, perfect for capturing the attention of the high foot traffic in the area.The front unit of the building is currently in shell condition. It needs work / repairs, but open space is an ideal setting for a creative build-out that could cater to a variety of commercial uses (Buyers can verify city or county with regard to their intended use).In contrast, the back unit is currently occupied by a long-term tenant, although the current lease is month-to-month and well below the market rate, it presents a potential for growth in rental income, with the opportunity to renegotiate terms that align more closely with area averages.
Price
$655,000
Los Angeles
1,870 (approx)
OC24060765
Active
Description
Two units!!! This mixed-use property presents a rare and valuable opportunity for ambitious entrepreneurs and investors/ developers. This property boasts excellent visibility with significant street signage, perfect for capturing the attention of the high foot traffic in the area.The front unit of the building is currently in shell condition. It needs work / repairs, but open space is an ideal setting for a creative build-out that could cater to a variety of commercial uses (Buyers can verify city or county with regard to their intended use).In contrast, the back unit is currently occupied by a long-term tenant, although the current lease is month-to-month and well below the market rate, it presents a potential for growth in rental income, with the opportunity to renegotiate terms that align more closely with area averages.
Listing Information
| Property Type: Mixed Use, Business Opportunities, 1 Story | ||
| 0.15 Acres | Assessor | 1,870 (approx) |
| 1922 | 1 | |
Public
Neighborhood
Room Information
Outside
Exterior / Lot Features
0 Covered Parking Spaces,
2-5 Units/Acre
Driving Directions
Between E Pico Blvd and S Grande Vista Ave
Financial Considerations
| 5190029032 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90023 has a population of 3,956,168.
The median household income in Los Angeles, California 90023 is $44,882. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90023 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/27/2024 | Active | $655,000 USD |
|