CA > Los Angeles
Los Angeles, CA 90006,2709 W Pico BLVD
Los Angeles, CA 90006,2709 W Pico BLVD
Los Angeles, CA 90006,2709 W Pico BLVD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,500,000
Est. payment /mo
0.33 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25089411

HOA Y/N No

Year Built 1924

Lot Size 0.327 Acres

Lot Dimensions Assessor

Property Sub-Type Mixed Use

Property Description

Seller financing available at 4% IO with 40% Down! 1262 Fedora St is a 43-unit mixed use building located in the Pico Union neighborhood. This
massive 35,982 sqft building is offered at only $128k/unit and $153/sqft. The property is currently operating at a 6.73% CAP and 8.36 GRM. There is
still over 39% upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (4) studio/1-bath units that are currently vacant, offering immediate upside in rental income. 1262 Fedora St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAC2

Interior

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre

Story 3

Water Public

Others

Tax ID 5078033012

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556

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