2842 W Pico
Los Angeles, CA 90006
1
Bed
0
Bath
6,509Sqft(Lot)
This is a bulk sale that includes 2836, 2842, 2846, 2854, and 2858 W. Pico Blvd. The total asking price for all five parcels is $6.5 million. The seller is not willing to sell the properties individually. The seller is also open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots. The combined site area is approximately 32,500 square feet, making it an excellent opportunity for an affordable housing development in a prime location. The seller is currently pursuing entitlements with the HPOZ and the City Planning Department for a 100% affordable housing apartment project. The current proposal submitted to the City is for approximately 175 residential units. All five parcels must be sold together. This is an exceptional opportunity for de
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1909Building Area Total: 4790Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6509 Lot Size Acres: 0.1494 Lot Size Source: Assessor Lot Size Square Feet: 6,509 Lot Description: SixToTenUnitsAcre
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Listing Price Information
Listing Price: $1300000Cash, Conventional, Exchange1031, GovernmentLoan, LeaseOption, LandUseFee
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Tax Information
Parcel Number: 5075010005 Tax Lot: 5 Tax Block: A
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Location Information
Direction: Pico Blvd and Normandie Ave WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1840 W 11th Place, Los Angeles, CA, 90006 | $1,500,000 | -- | 1 | -- | |
| 3106 San Marino, Los Angeles, CA, 90006 | $1,795,000 | 12 | 6 | -- |
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ByOwner last updated this listing 08/11/2026 @ 11:42
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