Mixed-Use Building in Pico
2709 W Pico Boulevard, Los Angeles, CA 90006
For Sale
$5,500,000
43-unit mixed-use building with upside potential in Pico Union.
Property Size35,892 SF
Price / SF$153.24
Days on Market570
Property Features for 2709 W Pico Boulevard
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
LYON STAHL INVESTMENT REAL ESTATE, INC.
Listed By:
CAMERON SAMIMI · License CA #02035763
(310) 425-9838
Source:
Corcoran
Added: Apr 24, 2025
Changed: Mar 16
Last Checked: Jul 8 at 1:02PM
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, INC.
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Investment Insights
Based on property information with market context.
The property at 1262 Fedora St is a 43-unit mixed-use building located in the Pico Union neighborhood. The building has a total area of 35,982 sqft. The property consists of 36 apartment units and 7 commercial spaces, including 4 one-bedroom, one-bath units, 32 studio apartments with one bath, 2 restaurants, 2 retail spaces, 1 discount store, 1 salon, and 1 upholstery store. There are 4 vacant studio apartments, offering immediate rental income potential. The building is separately metered for gas and electric. The property is conveniently located minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. Many shops, restaurants, and amenities are nearby, making it an ideal location for renters. Seller financing is available at 4% IO with 40% down.
Key Highlights
- Seller financing available at 4% interest‑only with 40% down.
- Significant upside potential of over 39% upon stabilization.
- Currently operating at a 6.73% CAP rate and 8.36 GRM.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,255
Businesses Nearby
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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
$841,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 43-unit mixed-use building with upside potential in Pico Union.
Where is this mixed-use property located?
The property is located at 2709 W Pico Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Seller financing available at 4% interest‑only with 40% down.; Significant upside potential of over 39% upon stabilization.; Currently operating at a 6.73% CAP rate and 8.36 GRM.
