2709 W Pico Blvd Los Angeles, CA 90006
Pico-Union NeighborhoodEstimated payment $32,279/month
About This Home
2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sqft building is offered at only $119k/unit and $143/sqft. The property is currently operating at a 7.66% CAP and 7.56 GRM. There is still over 55%+ upside available once the property is stabilized. The property is separately metered for gas and electric. The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (4) studio/1-bath units that are currently vacant, offering immediate upside in rental income. 1262 Fedora St is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 09/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $60,988
Year Built
- Built in 1924
Lot Details
- 0.33 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 2 Bedrooms
- 35,892 Sq Ft Home
- 3-Story Property
Location
- Urban Location
Listing and Financial Details
- Tax Lot 1234
- Tax Tract Number 12345
Community Details
Overview
- 43 Units
Building Details
- 37 Leased Units
- Rent Control
- 43 Separate Electric Meters
- 43 Separate Gas Meters
- 43 Separate Water Meters
- Professional Management Expense $27,243
- Operating Expense $266,366
- Gross Income $660,632
- Net Operating Income $394,267
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $60,988 | $4,691,913 | $817,523 | $3,874,390 |
| 2024 | $60,988 | $4,599,916 | $801,494 | $3,798,422 |
| 2023 | $59,891 | $4,509,723 | $785,779 | $3,723,944 |
| 2022 | $57,202 | $4,421,298 | $770,372 | $3,650,926 |
| 2021 | $56,274 | $4,334,607 | $755,267 | $3,579,340 |
| 2020 | $56,762 | $4,297,352 | $747,523 | $3,549,829 |
| 2019 | $54,660 | $4,213,232 | $732,866 | $3,480,366 |
| 2018 | $54,228 | $4,130,762 | $718,497 | $3,412,265 |
| 2016 | $51,224 | $3,963,450 | $690,598 | $3,272,852 |
| 2015 | $50,519 | $3,903,916 | $680,225 | $3,223,691 |
| 2014 | -- | $3,827,445 | $666,901 | $3,160,544 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Price Changed | $5,150,000 | -2.8% | $143 / Sq Ft |
| 09/23/2025 09/23/25 | For Sale | $5,300,000 | -- | $148 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,075,000 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,556,250 | Commercial | |
| Closed | $210,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25223715
APN: 5078-033-012
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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