$1,300,000

2846 W Pico, Los Angeles, CA 90006

5,000 sqft

other
Built in 1947
6,508sqft lot
—— car garage
$260/sqft
Listed 28 days ago

Property Description

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

Listing Status:: Active
Date Added:: July 29, 2026
Data Last Updated:: August 24, 2026 at 8:18PM
Listing Office:: Epique Realty : 888-893-3537
Listing Agent:: Mihwa Yi : 888-893-3537
MLS ID:: PW26165411

Laundry: None

General: 1

Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: 5075010004

Water: Public

Source: CRMLS_CRM

This listing courtesy of Mihwa Yi , Epique Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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