2836 Pico
Los Angeles CA 90006
$1,300,000
Status: Active
Description
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.
Map Location
Listing provided courtesy of Mihwa Yi of Epique Realty. Last updated . Listing information © 2025 SDMLS.
License: DRE# 01473065
7710 Balboa Ave STE #216A San Diego, CA 92111
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