Mixed-Use Residential and Retail
For Sale
Contact for pricing
2709 Pico Blvd, Los Angeles, CA 90006
Forty-three-unit mixed-use asset with separately metered gas and electricity and multiple ground-floor commercial spaces.
Property Size35,982 SF
Price / SF$143.13
Days on Market54
Property Features for 2709 Pico Blvd
General Information
Standard status
Active
Size
35,982 SF
Property subtype
Mixed Use, Multifamily, Retail
Occupancy
88%
Net Operating Income
$452,591
Additional Details
Cap Rate
8.79%
Highway Access
Yes
Multifamily Units
36
Building Details
Year Built
1924
Buildings
1
Units
43
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 259-7556
Listed By:
Christopher Bald · License #Lyon Stahl Investment Real Estate
Source:
Crexi
Added: Jul 1
Changed: Aug 21
Last Checked: Aug 20 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This mixed-use building offers residential and income-generating commercial space in one configuration. The property contains 43 units total, including 36 apartment units and 7 commercial spaces. Apartment mix is comprised of 4 one-bedroom, one-bath units and 32 studio, one-bath units, with additional studio units currently noted as vacant. The commercial component includes 2 restaurants, 2 retail spaces, plus individual space types identified as a discount store, a salon, and an upholstery store. The building is separately metered for gas and electricity.
Located in the Pico Union neighborhood, the property is described as minutes from Downtown Los Angeles. The remarks also indicate easy access to the 10 and 110 freeways, with shopping, dining, and other nearby amenities that can support tenant demand.
For buyers or operators looking for a combined residential and retail portfolio, the layout provides on-site diversification across multiple unit types and commercial uses. Separately metered utilities can help simplify expense allocation, while the presence of vacant studio/one-bath units may allow for faster stabilization through new or updated leasing. The mix of restaurants, retail, and service-oriented spaces can also support tenants seeking complementary storefront co-tenancy within the same asset.
Located in the Pico Union neighborhood, the property is described as minutes from Downtown Los Angeles. The remarks also indicate easy access to the 10 and 110 freeways, with shopping, dining, and other nearby amenities that can support tenant demand.
For buyers or operators looking for a combined residential and retail portfolio, the layout provides on-site diversification across multiple unit types and commercial uses. Separately metered utilities can help simplify expense allocation, while the presence of vacant studio/one-bath units may allow for faster stabilization through new or updated leasing. The mix of restaurants, retail, and service-oriented spaces can also support tenants seeking complementary storefront co-tenancy within the same asset.
Key Highlights
- 43‑unit mixed‑use building with 35,982 SF total, built in 1924, plus multiple ground‑floor commercial spaces
- Unit mix includes 36 apartments (4 1BD/1BA, 32 studios/1BA) and 7 commercial spaces (2 restaurants, 2 retail, discount store, salon, upholstery store)
- Separately metered for gas and electricity
Property Analytics
Property Profile
Current Use
Lease Details
36
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Forty-three-unit mixed-use asset with separately metered gas and electricity and multiple ground-floor commercial spaces.
Where is this mixed-use property located?
The property is located at 2709 Pico Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 43‑unit mixed‑use building with 35,982 SF total, built in 1924, plus multiple ground‑floor commercial spaces; Unit mix includes 36 apartments (4 1BD/1BA, 32 studios/1BA) and 7 commercial spaces (2 restaurants, 2 retail, discount store, salon, upholstery store); Separately metered for gas and electricity
