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Image 1 - 2314 W Pico Blvd, Los Angeles, California, 90006 - House for sale
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W Pico Blvd, Los Angeles, Home For Sale
2314 W Pico Blvd, Los Angeles, California, 90006

W Pico Blvd, Los Angeles, Home For Sale

house for sale
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Listed: 07/15/24

2314 W Pico Blvd, Los Angeles, California, 90006

Studio Bed:
9,408 Sq Ft Living Area:
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Price
$ 2,6M

About This House

We're proud to present the sale of2314 WPico Blvd. A Prime Value-Add Opportunity at the heart of the Pico Union Neighborhood. This submarket has been on the rise for years as more and more luxury developments pour into the area pushing a high occupancy rate in the last decade. The offering consists of 16-Units with a low price perSQFT $276which offers a whopping Proforma CAP Rate of over 8.52% and low Proforma GRM of 8.46x (Buyer to verify)! Built in 1922, this building consists of 16 exceptional units totaling9, 408 SFof square footage on a sizeable7, 003 SFlot. The property is an easily maintained two-story building, with a efficient unit mix of (16) large studios averaging500 SQFTeach. Each unit offers …  Full description

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Pico-Union Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.