2842 W Pico BLVD, Los Angeles, CA 90006 (MLS # PW26165346)

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PRICE $1,300,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 4,790 sqft
LOT SIZE 6,508 sqft
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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.

DAYS ON MARKET 6 LAST UPDATED 7/29/2026
YEAR BUILT 1909 COMMUNITY KREA - Koreatown
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA KREA - Koreatown
LOT 6508 sq ft
LOT DIMENSIONS 6509
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
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Listed with Epique Realty

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