2314 W Pico Boulevard

Property Overview

BK SALE/DISTRESSED ASSET! Todd Bernstein is pleased to present Pico Apartments, a 16-unit multifamily investment opportunity located at 2314 W Pico Boulevard in the Harvard Heights neighborhood of Los Angeles. The property consists of 16 single units and is 100% occupied, providing investors with immediate in-place cash flow and long-term rental upside.Offered at $1,750,000, the property provides an attractive basis of $109,375 per unit and a 7.59% cap rate on current operations. Significant capital improvements have already been completed, including a seismic retrofit, mini-split A/C in every unit, and a full electrical upgrade with individual meters. Eight of the 16 units currently rent for less than $1,000 per month, creating long-term income growth potential as units turn over and rents may be repositioned toward prevailing market levels, subject to applicable rent-control regulations.Strategically positioned between Koreatown, Downtown Los Angeles and the USC/Exposition Park corridor, the property offers a 91 Walk Score and convenient access to major employment, entertainment and educational destinations.

Home Details

Property type: Residential Income
Year built: 1922
Living area: 9,408 sq ft
Lot size: 7,005 sq ft
Days on market: 1
MLS status: Active
Zoning: LAC2

Features & Amenities

Appliances

Vented Exhaust Fan

Parking

None

Community, Schools & Utilities

Utilities

Heating: FloorFurnace

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Location & Neighborhood

Los Angeles, CA 90006

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Frequently Asked Questions About 2314 W Pico Boulevard

Property type: Residential Income

The current asking price is $1,695,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2314 W Pico Boulevard. Our team will confirm availability and timing.

This 16 bedrooms and 16 bathrooms property offers approximately 9,408 square feet of living space. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.