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.
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Zillow last checked:
Listing updated:
Listed by:
Mihwa YiDRE #01987254888-893-3537,
Epique Realty
Source: CRMLS,MLS#: PW26165467Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 0
Rooms
Room types: Office
Cooling
Wall/Window Unit(s)
Appliances
Laundry: None
Features
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls
Interior area
Total interior livable area: 1,790 sqft
Property
Features
Levels: One
Stories: 1
Entry location: street
Pool features: None
Has view: Yes
View description: None
Lot
Size: 6,513 Square Feet
Features: 0-1 Unit/Acre
Details
Parcel number: 5075010002
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Property subtype: Mixed Use
Condition
New construction: No
Year built: 1920
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Street Lights, Sidewalks, Urban
Location
Region: Los Angeles
Financial & listing details
Price per square foot: $726/sqft
Tax assessed value: $778,934
Annual tax amount: $10,041
Date on market: 7/29/2026
Listing terms: Cash,Conventional,1031 Exchange,Government Loan,Lease Option,Land Use Fee
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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