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2314 W Pico Boulevard, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:CENTURY 21 Cornerstone
2314 W Pico Boulevard,Los Angeles, CA 90006
$1,695,000
  • 16 Beds
  • 16 Baths
  • 9,408 sq. ft.
  • Multi-family
  • Active
Listed by: todd bernstein
Office: coldwell banker realty818-222-0023
MLS#:26104959
Source:CRMLS

Price summary

  • Price:$1,695,000
  • Price per sq. ft.:$180.17

About this home

BK SALE/DISTRESSED ASSET! Todd Bernstein is 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...

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Home facts

  • Year built:1922
  • Listing ID #:26104959
  • Added:1 day(s) ago
  • Updated:October 30, 2026 at 12:10 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Kitchen Description:Vented Exhaust Fan
  • Living area:9,408 sq. ft.

Heating and cooling

  • Heating:Floor Furnace

Structure and exterior

  • Year built:1922
  • Building area:9,408 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,695,000
  • Price per sq. ft.:$180.17
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