Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90006 3030 W Pico Boulevard

3030 W Pico Boulevard Los Angeles, CA - Image 13030 W Pico Boulevard Los Angeles, CA - Image 23030 W Pico Boulevard Los Angeles, CA - Image 3
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Presented By: Ki Seon Im with Ivy Realty Co.;
  • MLS# 24472817
  • 12/17/2024
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  • SQFT • 7,360
  • Year Built • 1913

Home Details

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.
Presented By: Ki Seon Im with Ivy Realty Co.;

Interior Features for 3030 W Pico Boulevard

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories

General for 3030 W Pico Boulevard

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.18
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsEast of Western Ave, South of Olympic Blvd
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet4194.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income92636.0
New ConstructionNo
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1913
ZoningLAC2

Exterior for 3030 W Pico Boulevard

Building Area Total7360.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.0963
Lot Size Area4194.0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $1,500,000
MLS#24472817
List Date 12/17/2024
Property Type Commercial
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