Seller financing available at 4% IO with 40% Down! 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 $123k/unit and $147/sqft. The property is currently operating at a 7.05% CAP and 8.03 GRM. There is
still over 39% 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.
massive 35,982 sqft building is offered at only $123k/unit and $147/sqft. The property is currently operating at a 7.05% CAP and 8.03 GRM. There is
still over 39% 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.
Property Details
Price:
$5,300,000
MLS #:
SB25223715
Status:
Active
Beds:
0
Baths:
0
Address:
W Pico BL Lot 1234
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
c16
City:
Los Angeles
Listed Date:
Sep 23, 2025
State:
CA
Total Sq Ft:
35,892
ZIP:
90006
Lot Size:
14,259 sqft / 0.33 acres (approx)
Year Built:
1924
Schools
Interior
Laundry Features
N O
Exterior
Community Features
U R B
Parking Spots
1
Financial
Map
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. W Pico BL Lot 1234
Los Angeles, CA
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