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3201 E Pico Blvd, Los Angeles, CA 90023
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3201 E Pico Blvd Los Angeles, CA 90023

$655,000
  • -- Beds
  • -- Baths
  • 1,870 Sq.Ft.
For Sale
$655,000 Get Pre-Qualified
Map preview of 3201 E Pico Blvd, Los Angeles, CA 90023

Property Overview: 3201 E Pico Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 1,870 living square feet and 6,396 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Two units!!! This mixed-use property presents a rare and valuable opportunity for ambitious entrepreneurs and investors/ developers. This property boasts excellent visibility with significant street signage, perfect for capturing the attention of the high foot traffic in the area. The front unit of the building is currently in shell condition. It needs work / repairs, but open space is an ideal setting for a creative build-out that could cater to a variety of commercial uses (Buyers can verify city or county with regard to their intended use). In contrast, the back unit is currently occupied by a long-term tenant, although the current lease is month-to-month and well below the market rate, it presents a potential for growth in rental income, with the opportunity to renegotiate terms that align more closely with area averages.

Listed by Jinghang Martin | BRE #01971551 | Advanced Real Estate Agency Inc
Last checked: 13 minutes ago | Last updated: March 27th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
6,396
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
OC24060765
City
Los Angeles
County
Los Angeles
Time on Site
30 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3201 E Pico Blvd

Interior Features
Laundry Information
  • Outside
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5190029032
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between E Pico Blvd and S Grande Vista Ave
View more facts & features

Local Los Angeles Agent

Sale History for 3201 E Pico Blvd

Last sold for $530,000 on November 2nd, 2017

  • March, 2024

  • Mar 27, 2024

    Date

    Active

    CRMLS: OC24060765

    $655,000

    Price

  • December, 2017

  • Dec 6, 2017

    Date

    Sold

    CRMLS: AR17064317

    $530,000

    Price

  • Sep 18, 2017

    Date

    Pending

    CRMLS: AR17064317

    $599,000

    Price

  • May 30, 2017

    Date

    Price Change

    CRMLS: AR17064317

    $599,000

    Price

  • Mar 28, 2017

    Date

    Active

    CRMLS: AR17064317

    $688,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own property and business in Boyle Heights area of Los Angeles. Mixed use Building (M3 Zoned) is on the corner of E. Pico Blvd and S. Grande Vista Ave. 2 seperate Building front building built in 1927 (400 sqft) for Liquor Store & Check Cashing ( according to seller, its over 700 sqft). Back buildings Residential Unit built in 1922 with 2 Bedrooms, 1 Bath , washer & dryer outside. Currently being leased to long time tenant at $700/ month to month. Way below market price. Over 10 parking spaces . This property to be sold "As is" Present physical condition without any repairs. Buyer to verify City or County with regard to their intended use. Property is not in rent controlled area, buyer to verify. Close to Freeways,5,10,60,101.

  • November, 2017

  • Nov 2, 2017

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

  • August, 1995

  • Aug 15, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3201 E Pico Blvd

Assessed Value (2020): $551,412
Year Land Value Improved Value Assessed Value
2020 $384,948 $166,464 $551,412

Home Value Compared to the Market

This property vs the competition

3201 E Pico Blvd is listed 47.56% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $350.27 per/sqft which puts the price per square foot 54.63% lower than the median price per square foot for the city of Los Angeles.

About 3201 E Pico Blvd

Detailed summary of property

3201 E Pico Blvd is a mixed use located in Los Angeles, CA 90023 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 1,870 living square feet, and sits on an approximately 6,396 square foot lot. 3201 E Pico Blvd was first listed on ArdentRealEstateGroup.com on March 27, 2024. The homeowner is currently asking $655,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 47.56% lower than the median priced home. Local competing homes currently for sale include 11111 Wilmington Ave, 9618 S Main St and 1942 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 97 days, 3201 E Pico Blvd has a days on market of 23 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 3201 E Pico Blvd Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3201 E Pico Blvd

Public county record property details
Beds
3
Baths
2
Year built
1922
Sq. Ft.
1,870
Lot Size
6,393
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
41
APN
5190-029-032

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$610,000
Median List Price/Sq.Ft.
$679
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$537
Total Inventory
17
Median Sale to List Price %
102.86%
Avg Days on Market
24
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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