Millman Team Real Estate

$1,500,000
0.10 Acre Lot

3030 W Pico Boulevard, Los Angeles, California 90006

  • Commercial Sale Property Type
  • 1913 Year Built
Property Description

Exceptional Investment Opportunity: Premier Mixed-Use Property in Downtown Los Angeles. Presenting a rare opportunity to acquire a high-value mixed-use commercial property strategically positioned at the prominent intersection of Pico Blvd. and Oxford Ave. This corner property combines stable income, strong tenant demand, and future growth potential, boasting an impressive 6.18% CAP rate and a monthly rental income of $10,396. This two-story property spans 7,360 sq. ft. on a 4,194 sq. ft. lot (zoned LAC2). It features a reliable retail tenant (a hardware store) and six fully leased residential studios on month-to-month agreements. With nearly 100% occupancy and tenants maintaining excellent credit profiles, this asset offers investors a blend of consistent income and substantial long-term upside.This property represents a rare chance to own a prime mixed-use building in the heart of downtown Los Angeles, providing a compelling combination of immediate returns and future value appreciation in one of the city’s most sought-after markets.

Basic Details
Commercial Sale
For Sale
24472817
$1,500,000
1913
0.10 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90006
Pico
3030
Boulevard
East of Western Ave, South of Olympic Blvd
C16 - Mid Los Angeles
W
LAC2
Additional Information
$0
$0
$0
$0
$0
7360
2024-12-17
Broker/Agent Information
Ivy Realty Co.
Ki Seon Im
Listing Information
CLW-C106354
CLW-L03846
Active
2024-12-19T05:49:26Z
CRMLS
: Standard
2024-12-17T00:00:00Z
Agent info
Ray Millman
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