3524 E Pico Blvd - Apartments FOR SALE


Los Angeles, CA 90023
$1,275,000 USD
310-593-9869
3524 E Pico Blvd, Los Angeles, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3524 E Pico Blvd
Los Angeles, CA 90023


HIGHLIGHTS

  • Duplex & Single-Family House on Adjacent Lots | Situated on Separate Parcels – Each with Its Own APN
  • Outstanding Development Opportunity - Combined Lot Size of 8,484-Square Feet | Zoned LAM2 (Light Industrial)
  • Desirable Owner-User Potential | Unit Mix (One) 2-Bedroom/1-Bathroom House & (Two) 1-Bedroom/1-Bathroom Stand-Alone Units
  • Located Just Southeast of Downtown Los Angeles | Potential Opportunity to Add ADUs (Accessory Dwelling Units) | May Qualify for Residential Financing
  • Close Proximity to the Arts District, Boyle Heights, Fashion District and the Industrial Complexes & Warehouses in Vernon
  • Located Near Citadel Outlets, Los Angeles Community Hospital, East L.A. College, Costello J. Recreation Center and the City of Commerce

OVERVIEW

ASSET Single-family residence and duplex situated an adjacent parcels. Each parcel has its own APN (Assessor Parcel Number). 3524 E. Pico Boulevard is a duplex and features (two) 1-bedroom/1-bathroom stand-alone units and 3528 E. Pico Boulevard is a 2-bedroom/1-bathroom house. The property contains a combined lot size of 8,484 SF and is zoned LAM2 (Light Industrial). The large lot presents desirable development potential or the opportunity to add ADUs (Accessory Dwelling Units). The asset also presents an owner-user opportunity and the property may qualify for residential financing (Buyer to verify). LOCATION Located in the heart of the Los Angeles Metropolitan Area, the asset is located just southeast of Downtown Los Angeles. The property is close proximity to the Arts District, Boyle Heights, Fashion District and to the many industrial complexes and warehouses in Vernon. The asset is also located near Citadel Outlets, Los Angeles Community Hospital, East L.A. College, Costello J. Recreation Center and the City of Commerce. Please contact Allen Gholian at (310) 666-3384 or allen@shieldcre.com for more information.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$679 USD /SF

# OF UNITS

3

PRICE/UNIT

$425,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3524-3528 E. Pico Boulevard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,484 SF

ZONING

LAM2

APN/PARCEL ID

5191-021-004

ASK ABOUT THIS PROPERTY

Allen GholianShield Commercial Real EstateMore Info
310-593-9869

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Allen GholianShield Commercial Real EstateMore Info
310-593-9869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.