2842 W Pico, Los Angeles, CA 90006

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
2842 W Pico,Los Angeles, CA 90006
$1,300,000
  • 1 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mihwa yi
Office: epique realty
MLS#:PW26165346
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,300,000

About this home

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 developers and investors specializing in affordable housing or senior housing projects. Affordable housing developers and investors are encouraged to inquire.

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Home facts

  • Listing ID #:PW26165346
  • Added:2 day(s) ago
  • Updated:August 01, 2026 at 02:36 PM

Rooms and interior

  • Bedrooms:1

Finances and disclosures

  • Price:$1,300,000
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