Seller financing available at 4% IO with 40% Down! 2709 Pico Blvd is a 43-unit mixed use building located in the Pico Union neighborhood. This massive 35,982 sq.ft building is offered at only $128k/unit and $153/sqft. The property is currently operating at a 7.09% CAP and 8.08 GRM. There is still over 53% upside available once the property is stabilized. The property is separately metered for gas and electric.

The building is comprised of (36) apartment units and (7) commercial spaces - it is broken down in to (4) 1Bed+1Bath, (32) Studio+1Bath, (2) restaurants, (2) retail, (1) discount store, (1) salon and (1) upholstery store. There are (5) studio/1-bath units that are currently vacant, offering immediate upside in rental income.