2314 W Pico Blvd, Los Angeles, CA 90006
2314 W Pico Blvd, Los Angeles, CA 90006
2314 W Pico Blvd, Los Angeles, CA 90006
2314 W Pico Blvd, Los Angeles, CA 90006
2314 W Pico Blvd, Los Angeles, CA 90006
2314 W Pico Blvd, Los Angeles, CA 90006
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+1(904) 846-3855
$ 1,695,000
Est. payment | /mo

16 Baths

9,408 SqFt

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$ 1,695,000
Est. payment | /mo
Save

16 Baths

9,408 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,408 sqft

Price per Sqft $180

MLS Listing ID 26103162

Year Built 1922

Lot Size 7,005 Sqft

Acres 0.1608

Property Sub-Type Multi-Family

Property Description

BK SALE/DISTRESSED ASSET! Kidder Mathews and Coldwell Banker Commercial Realty are pleased to present Pico Apartments, a 16-unit multifamily investment opportunity located at 2314 W Pico Boulevard in the Harvard Heights neighborhood of Los Angeles. The property consists of 16 single units and is 100% occupied, providing investors with immediate in-place cash flow and long-term rental upside.Offered at $1,750,000, the property provides an attractive basis of $109,375 per unit and a 7.59% cap rate on current operations. Significant capital improvements have already been completed, including a seismic retrofit, mini-split A/C in every unit, and a full electrical upgrade with individual meters. Eight of the 16 units currently rent for less than $1,000 per month, creating long-term income growth potential as units turn over and rents may be repositioned toward prevailing market levels, subject to applicable rent-control regulations.Strategically positioned between Koreatown, Downtown Los Angeles and the USC/Exposition Park corridor, the property offers a 91 Walk Score and convenient access to major employment, entertainment and educational destinations.

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAC2

Building

Story 2

Water District

Others

Special Listing Condition Bankruptcy Property, Notice Of Default

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Realty

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2314 W Pico Blvd