$1,695,000

2314 W Pico Boulevard, Los Angeles CA, 90006

Price per sqft$180.17

Built in1922

Property size9,408 sqft

Property typeCommercial

Overview

Active

Listed Oct 19, 2026

Updated 3 days ago

BK SALE/DISTRESSED ASSET! Kidder Mathews and Coldwell Banker Commercial Realty are 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.

Additional information

MLS^® ID: 26103162

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Listed by Todd Bernstein, Coldwell Banker Realty, CA DRE 01816580

Listing Contact: 310-751-4229

Based on information from the CRISNet MLS as of 10/21/2026, 4:43 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.