Homes For Sale Pico-Union

About Pico-Union, CA

Pico-Union is a neighborhood in Central Los Angeles, California. The name “Pico-Union” refers to the neighborhood that surrounds the intersection of Pico Boulevard and Union Avenue. Located immediately west of Downtown Los Angeles, it is home to over 40,000 residents.

Three story 18 units building with two level subterranean parking built in 1991 (Newer construction), located just west of downtown Los Angeles. Great apartment mix featuring 6 (1bed+1bath) & 12(2bed +2 bath) with balconies and view of DTLA. The property is individually metered for gas and electricity and serviced by one elevator. The ground level features a small lobby and secured parking spaces.  Excellent 1031 tax deferred exchange opportunity with approx. 21% rent upside. Please do not disturb the tenants. All showings will be scheduled upon seller's response to offers. Please review additional docs uploaded in MLS. Call agent for more information. $6,150,000 Active

844 S Bonnie Brae Street Los Angeles, California

14,478 SqFt 0.172 Acres

Listed by: Veronika Roehrmoser, DRE #02178912 from Rodeo Realty – Pacific Palisades

The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is entitled and can be delivered permit-ready. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. Approved mix is 34 studios, 22 1+1s, 4 3+2s and an 1150sf retail space. 7-story type III-A construction. 6 ELI units per TOC. $4,995,000 Pending

1517 W 8Th Street Los Angeles, California

0.296 Acres

Listed by: Adam Peterson, DRE #01815802 from CB Richard Ellis, Inc.

A rare 24-unit value-add opportunity at 1136 S Alvarado St that will be delivered 100% vacant; the property, is located on the main thoroughfare between W 11th St & W Pico Blvd in the center of the Pico Union, Westlake, and Koreatown neighborhoods. The subject property consists of a desirable unit mix of 18 studios (approximately 400 SF) and six one-bedrooms (approximately 600 SF), and the building is individually metered for gas and electric. The property is being offered in as-is condition; this is an opportunity for a buyer to begin interior renovations immediately at the close of escrow with no tenant relocation required. At the asking price, the property is being offered for a low price per SF of $273. An investor has the potential to achieve a CAP rate of 6.26%-6.92% when projected rents are captured. Additionally, there is potential to add six ADU's to further increase the rental income (buyer to verify).1136 Alvarado St is located one mile from the Arena and Los Angeles Convention Center. The neighborhood boasts a high walk score of 93 with retail amenities on W Pico Blvd & S Hoover St; walking distance to numerous Metro rail and bus line stops make this an attractive central for moving around the via public transit or by car with quick access to the 110 and 10 Freeways. The subject property is in the middle of high-growth neighborhoods (Pico Union, Westlake, and Koreatown) where the rental market continues to thrive. The property can be sold with the adjacent lot (APN: 5136-019-023) totaling 9,381 SF zoned C2-1-HPOZin a Tier 2 TOC. $4,400,000 Active

1136 S Alvarado Street Los Angeles, California

16,113 SqFt 0.190 Acres

Listed by: Neema Ahadian, DRE #01346750 from Marcus & Millichap

We are pleased to present 1435 S Westmoreland Avenue, a FULLY-LEASED, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an unparalleled 5.23% Cap Rate, with easy maintenance and little management needed. 1435 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come. $3,595,000 Active

1435 S WESTMORELAND Avenue Los Angeles, California

8,163 SqFt 0.172 Acres

Listed by: Yohann Bensimon, DRE #01966630 from Keller Williams Hollywood Hills

Lowest priced investment property located between Koreatown and downtown LA.  Priced at only $161,000 per unit and $268/sqft.  Zoned LA-C2 for potential development opportunities.  Most of the units have been updated with copper plumbing.  Master metered for electric and gas.  Easy access to transportation. Low maintenance and long-term tenants. $3,390,000 Active

2323 W 11Th ST Los Angeles, California

9 Beds 21 Baths 12,642 SqFt 0.144 Acres

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