$1,500,000
( $203.80Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

3030 W Pico Boulevard , Los Angeles, CA 90006

Los Angeles, CA 90006

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Description

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.

Details

MLS#24472817
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1913
Days On Site54
Listing Provided ByIvy Realty Co. 213-386-8888 | Ki Seon Im

Features

SQ Feet7,360
ZoningLAC2
Acreage0.10

Market Activity 90006

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaC16 Mid Los Angeles
Listing VS Median (in 90006)
Price:
$1,500,000
low | high
Med:
$858,000
92.8% of Average
SqFt:
7,360
low | high
Med:
1,110
100% of Average
$ / SqFt:
$204
low | high
Med:
$773
100% of Average
On Site:
54
low | high
Med:
101.000000
53.465346534653% of Average
Sourced by Back At You
Listing Updated: January 7, 2025 at 7:12:40 PM PST