2200 W Pico Boulevard,  Los Angeles CA, 90006 (Residential Income)

21,070 sqft
Status: Active
MLS#: SB16199807
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Last Updated: 12/6/2016 2:59 AM
Description for 2200 W Pico Boulevard Los Angeles, CA 90006
LOCATION! LOCATION!LOCATION! PRICE TO SELL! TONS OF POTENTIAL! 32 UNITS: 14 Singles, 12 One bedrooms, one Bathrooms, 6 Stores. THIRTY TWO UNITS MIX USED BUILDING LOCATED at 1.1 MILES OF STAPLES CENTER/ LA LIVE AND CONVENTION CENTER. IT IS CLOSE TO DOWNTOWN, MID- WILSHIRE AND KOREA TOWN. THE NEIGHBORHOOD IS DENSELY POPULATED AND SHOWING SIGN OF GENTRIFICATION. BUSINESS WEEK STATED THAT THE NEIGHBORHOOD IS ONE OF THE TOP TEN FASTEST APPRECIATING AND BEST BUYS IN THE COUNTRY FOR REAL ESTATE. SAVVY REAL ESTATE INVESTORS WILL HAVE THE OPPORTUNITY TO ADD VALUE BY REMODELING AND RENOVATING THE UNITS TO GET HIGHER RENTS. THE BUILDING IS NEAR TRANSPORTATION, PROVIDING TENANTS AUTOMOBILE FREE ACCESS TO DOWNTOWN, USC AND LOS ANGELES' ENTERTAINMENT AREAS.
Price
$7,559,000
Los Angeles
21,070 (approx)
SB16199807
Active
Description
LOCATION! LOCATION!LOCATION! PRICE TO SELL! TONS OF POTENTIAL! 32 UNITS: 14 Singles, 12 One bedrooms, one Bathrooms, 6 Stores. THIRTY TWO UNITS MIX USED BUILDING LOCATED at 1.1 MILES OF STAPLES CENTER/ LA LIVE AND CONVENTION CENTER. IT IS CLOSE TO DOWNTOWN, MID- WILSHIRE AND KOREA TOWN. THE NEIGHBORHOOD IS DENSELY POPULATED AND SHOWING SIGN OF GENTRIFICATION. BUSINESS WEEK STATED THAT THE NEIGHBORHOOD IS ONE OF THE TOP TEN FASTEST APPRECIATING AND BEST BUYS IN THE COUNTRY FOR REAL ESTATE. SAVVY REAL ESTATE INVESTORS WILL HAVE THE OPPORTUNITY TO ADD VALUE BY REMODELING AND RENOVATING THE UNITS TO GET HIGHER RENTS. THE BUILDING IS NEAR TRANSPORTATION, PROVIDING TENANTS AUTOMOBILE FREE ACCESS TO DOWNTOWN, USC AND LOS ANGELES' ENTERTAINMENT AREAS.
Listing Information
Property Type: Cluster, Other
0.29 Acres 1,268,900 sq.ft. 21,070 (approx)
$358.76 1905
Yes- 2 spaces
32 Total
Neighborhood
Room Information
Exterior / Lot Features
2 Garage Spaces, 10 Parking Spaces
None
No Pool
LAC2
Urban
Driving Directions
Cross Streets: PICO / HOOVER
Financial Considerations
5056008012
$501,186 Income ,$159,480Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90006 has a population of 3,804,503.

The median household income in Los Angeles, California 90006 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90006 is 34.1 years.

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Courtesy: Re/Max Estate Properties Messou Attai
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