Four-Unit Mixed-Use
For Sale
Contact for pricing
3069 W Pico Blvd, Los Angeles, CA 90006
Mixed-use configuration combines restaurant space with three residential rental units along the Pico Boulevard corridor.
Property Size2,549 SF
Price / SF$351.12
Days on Market52
Property Features for 3069 W Pico Blvd
General Information
Standard status
Active
Size
2,549 SF
Property subtype
Mixed Use
Net Operating Income
$56,476
Financials
Asking Price
$895,000
Cap Rate
6.31%
Site & Location
Neighborhood
Harvard Heights
Highway Access
Yes
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 774-3740
Source:
Crexi
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 1 at 6:17AM
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 Stepp Commercial
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Investment Insights
Based on property information with market context.
This 2,549-square-foot mixed-use property contains approximately 1,149 square feet of restaurant space alongside three residential units: two one-bedroom, one-bath apartments and one studio. The four-unit configuration combines commercial and residential components within a single asset, with the restaurant currently operating on-site and the apartments providing additional rental use.
Located at 3069 W. Pico Boulevard in Los Angeles, the property sits just north of the I-10 Freeway and between Koreatown, Pico-Union, and Harvard Heights. The corridor connects with Downtown Los Angeles, West Adams, the Westside, and nearby employment and transportation districts. Surrounding development includes newer multifamily communities and planned mixed-use projects.
Located at 3069 W. Pico Boulevard in Los Angeles, the property sits just north of the I-10 Freeway and between Koreatown, Pico-Union, and Harvard Heights. The corridor connects with Downtown Los Angeles, West Adams, the Westside, and nearby employment and transportation districts. Surrounding development includes newer multifamily communities and planned mixed-use projects.
Key Highlights
- 2,549‑square‑foot mixed‑use property with four total units
- Approximately 1,149 square feet of restaurant space
- Two one‑bedroom/one‑bath units plus one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,033
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,660
$1.4M
Cap Rate 7%
$986,186
$986.2K
Cap Rate 9%
$767,033
$767.0K
Market Conditions
NOI Build-Up for 2,549 SF
Gross rent
$94.2K $36.96/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$92.0K $36.11/SF
− OpEx
−$23.0K −$9.03/SF
NOI
$69.0K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,660
Cap Rate 7%
$986,186
Cap Rate 9%
$767,033
Alternative Uses
Best Use
Apartment 5plus
$45.06M
$39.43M – $52.58M
NOI $3,154,525 @ 7.0% cap · market cap 352.46%
Second Best
Specialty Retail
$986.2K
$862.9K – $1.15M
NOI $69,033 @ 7.0% cap · market cap 7.71%
Theoretical Best
Multifamily LT 5
$51.64M
$45.19M – $60.25M
NOI $3,614,885 @ 7.0% cap · market cap 403.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,040
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use configuration combines restaurant space with three residential rental units along the Pico Boulevard corridor.
Where is this mixed-use property located?
The property is located at 3069 W Pico Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,549‑square‑foot mixed‑use property with four total units; Approximately 1,149 square feet of restaurant space; Two one‑bedroom/one‑bath units plus one studio
