3524-3528 E. Pico Boulevard 3524 E Pico Blvd
3 Unit Apartment Building $1,275,000 ($425,000/Unit) Los Angeles, CA 90023
INVESTMENT HIGHLIGHTS
- Duplex & Single-Family House on Adjacent Lots | Situated on Separate Parcels – Each with Its Own APN
- Desirable Owner-User Potential | Unit Mix (One) 2-Bedroom/1-Bathroom House & (Two) 1-Bedroom/1-Bathroom Stand-Alone Units
- Close Proximity to the Arts District, Boyle Heights, Fashion District and the Industrial Complexes & Warehouses in Vernon
- Outstanding Development Opportunity - Combined Lot Size of 8,484-Square Feet | Zoned LAM2 (Light Industrial)
- Located Just Southeast of Downtown Los Angeles | Potential Opportunity to Add ADUs (Accessory Dwelling Units) | May Qualify for Residential Financing
- Located Near Citadel Outlets, Los Angeles Community Hospital, East L.A. College, Costello J. Recreation Center and the City of Commerce
EXECUTIVE SUMMARY
ASSET
Single-family residence and duplex situated an adjacent parcels. Each parcel has its own APN (Assessor Parcel Number).
3524 E. Pico Boulevard is a duplex and features (two) 1-bedroom/1-bathroom stand-alone units and 3528 E. Pico Boulevard is a 2-bedroom/1-bathroom house.
The property contains a combined lot size of 8,484 SF and is zoned LAM2 (Light Industrial). The large lot presents desirable development potential or the opportunity to add ADUs (Accessory Dwelling Units).
The asset also presents an owner-user opportunity and the property may qualify for residential financing (Buyer to verify).
LOCATION
Located in the heart of the Los Angeles Metropolitan Area, the asset is located just southeast of Downtown Los Angeles. The property is close proximity to the Arts District, Boyle Heights, Fashion District and to the many industrial complexes and warehouses in Vernon. The asset is also located near Citadel Outlets, Los Angeles Community Hospital, East L.A. College, Costello J. Recreation Center and the City of Commerce.
Please contact Allen Gholian at (310) 666-3384 or allen@shieldcre.com for more information.
Single-family residence and duplex situated an adjacent parcels. Each parcel has its own APN (Assessor Parcel Number).
3524 E. Pico Boulevard is a duplex and features (two) 1-bedroom/1-bathroom stand-alone units and 3528 E. Pico Boulevard is a 2-bedroom/1-bathroom house.
The property contains a combined lot size of 8,484 SF and is zoned LAM2 (Light Industrial). The large lot presents desirable development potential or the opportunity to add ADUs (Accessory Dwelling Units).
The asset also presents an owner-user opportunity and the property may qualify for residential financing (Buyer to verify).
LOCATION
Located in the heart of the Los Angeles Metropolitan Area, the asset is located just southeast of Downtown Los Angeles. The property is close proximity to the Arts District, Boyle Heights, Fashion District and to the many industrial complexes and warehouses in Vernon. The asset is also located near Citadel Outlets, Los Angeles Community Hospital, East L.A. College, Costello J. Recreation Center and the City of Commerce.
Please contact Allen Gholian at (310) 666-3384 or allen@shieldcre.com for more information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$51,000
|
$27.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,530
|
$0.82
|
| Effective Gross Income |
$49,470
|
$26.36
|
| Taxes |
$15,937
|
$8.49
|
| Operating Expenses |
$11,093
|
$5.91
|
| Total Expenses |
$27,030
|
$14.40
|
| Net Operating Income |
$22,440
|
$11.96
|
PROPERTY FACTS
| Price | $1,275,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 1,877 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $1,828 | - |
| 1+1 | 2 | $1,211 | - |
1 of 1
Walk Score®
Very Walkable (81)
ZONING
| Zoning Code | LAM2 (M2 (Light Industrial)) |
