PRICE: $1,100,000

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MIXED-USE BUILDING​

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1817 W Pico Boulevard is a mixed-use property located in Downtown Los Angeles, approximately 4 blocks away from the renowned Crypto Arena. The property consists of two retail storefronts and three residential units. The property is comprised of two structures and spans around 2,663 square feet, situated on a ±6,239 square foot lot.

 

Currently, all of the units within the property are fully occupied; however, they are being rented out at below market rents. This presents a significant opportunity for an investor to increase the income potential of the property. An astute investor can negotiate new lease terms with the existing tenants, raising the rental rates to market levels.  The three apartments are significantly below market allowing a savvy investor the opportunity to buy out tenants, renovate and achieve market rents.  This is true value add deal in the heart of Los Angeles.