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2836 W Pico Blvd
Los Angeles, CA 90006 Harvard Heights

Rate Upon Request

Land For Lease  •  0+ SF

Property Details

  • Property Type Land
  • Zoning C2
90 Transit Score
80 Walk Score

1 Space Available

Name Space Use Size Rent Details
Unkwn Floor Ste - 0.15 AC Rate Upon Request 
The seller is open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots.

  • Date available: Now
  • Lease term: 99 Years
  • Service type: None
  • Space Type: Relet

Description 

This is a bulk sale that includes 2836, 2842, 2846, 2854, and 2858 W. Pico Blvd. The seller is not willing to sell the properties individually. The seller is open to a 99-year ground lease. The asking ground lease rent is $32,500 per month for all five lots. 
For buyers interested in acquiring the property outright, the total asking price for all five parcels is $6.5 million.

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. All five parcels must be sold together. This is an exceptional opportunity for developers and investors specializing in affordable housing or senior housing projects. Affordable housing developers and investors are encouraged to inquire.

Highlights

Prime Affordable Housing Development Opportunity - 32,500 SF Development Site-175 Units
Bulk Sale or 99-Year Ground Lease | Pico Blvd Development Site- Entitlement-in-Progress
Five-Parcel Development Opportunity in Prime Pico Blvd Location

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Sunset Limited - Amtrak, Texas Eagle - Amtrak) 10 min - 4.6 mi
L. A. Union Station Metrolink Station (Metrolink 91-Perris Valley Line - Metrolink Trains, Metrolink Orange County Line - Metrolink Trains, Metrolink Riverside Line - Metrolink Trains, Metrolink San Bernardino Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains) 10 min - 5.1 mi
AirportDriveWalkDistance
Los Angeles International 21 min - 12.5 mi
Bob Hope 23 min - 13.2 mi
Long Beach (Daugherty Field) 32 min - 23.5 mi
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