$1,300,000
 $6,979 est/mo Sourced by Back At You

2842 W Pico,Los Angeles, CA 90006

Los Angeles, CA 90006

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Description

This is a bulk sale that includes 2836, 2842, 2846, 2854, and 2858 W. Pico Blvd. The total asking price for all five parcels is $6.5 million. The seller is not willing to sell the properties individually. The seller is also open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots. The combined site area is approximately 32,500 square feet, making it an excellent opportunity for an affordable housing development in a prime location. The seller is currently pursuing entitlements with the HPOZ and the City Planning Department for a 100% affordable housing apartment project. The current proposal submitted to the City is for approximately 175 residential units. All five parcels must be sold together. This is an exceptional opportunity for developers and investors specializing in affordable housing or senior housing projects. Affordable housing developers and investors are encouraged to inquire.

Details

MLS #PW26165346
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1909
Days On Site39
Listing Provided ByEpique Realty | Mihwa Yi

Features

SQ Feet4,790
Story(s)2
Units8
Building(s)1
Acreage0.15

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesStreet Lights, Sidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaKREA Koreatown
Listing VS Median (in 90006)
Price:
$1,300,000
low | high
Med:
$1,371,944
44.465846153846% of Average
sqft:
4,790
low | high
Med:
3,419
78.632567849687% of Average
$ / sqft:
$271
low | high
Med:
$424
6.259393410903% of Average
On site:
39
low | high
Med:
140
27.857142857143% of Average
Sourced by Back At You

Market Activity 90006

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90006
AreaKREA Koreatown
Listing VS Median (in 90006)
Price:
$1,300,000
low | high
Med:
$1,371,944
44.465846153846% of Average
sqft:
4,790
low | high
Med:
3,419
78.632567849687% of Average
$ / sqft:
$271
low | high
Med:
$424
6.259393410903% of Average
On site:
39
low | high
Med:
140
27.857142857143% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $975K - $1.625M
sqft: 3,500 - 5,500
Nearby Listings Property ImageNearby Listings Details
2846 W Pico Property Photo 1
$1,300,000
2846 W Pico
Los Angeles, CA 90006
2854 W Pico Property Photo 1
$1,300,000
2854 W Pico
Los Angeles, CA 90006
Listing Updated: August 21, 2026 at 9:43:14 PM PDT
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