2836 W Pico, Los Angeles, California 90006, Los Angeles, 90006 - 5 bed, 3 bath
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2836 W Pico
Los Angeles, California 90006
ACTIVE
CONDITION: TEAR DOWN
5Beds
3Baths
2,220Sq Ft
6,508Lot Size
Property Price
LIST PRICE$1,300,000
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1900 and over 120 years old with no recorded renovations, this property is being marketed as a development site for a 175-unit affordable housing project. The listing emphasizes land value and entitlements rather than the habitability of the existing structure.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Development Potential
The combined 32,500 square foot site is currently being entitled for a 175-unit affordable housing project, offering significant scalability for developers in a high-demand market.
- Prime Urban Location
Situated in the Koreatown area of Los Angeles, the property benefits from a central location with excellent access to transit, employment hubs, and local amenities.
- Flexible Acquisition Options
The availability of both a bulk sale and a 99-year ground lease option provides investors with unique flexibility in capital structuring and long-term asset management.
CONSRISKS & DEFICIENCIES
- Mandatory Bulk Sale
The seller requires the simultaneous purchase of all five parcels for $6.5 million, which limits the buyer pool to large-scale developers and excludes individual lot investors.
- Regulatory Complexity
The property is subject to HPOZ (Historic Preservation Overlay Zone) oversight and ongoing city planning entitlements, which may introduce delays or restrictions to the development timeline.
About 2836 W Pico
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 6,508 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Angeles Elementary School
Grades K-5 • 0.2 mi
3/10
Mariposa-Nabi Primary Center
Grades K-2 • 0.4 mi
0/10
Hobart Boulevard Elementary School
Grades K-5 • 0.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,220 | 1,670.836 |
| Lot Size | 6,508 | 6,152.156 |
| Price | $1.30M | $1.34M |
| Price per sq ft | $586 | $807 |
| Built year | 1900 | 1941 |
| HOA | $0 | $238 |
| Days on market | 104 | 56 |
Pricing History
Listed for Sale
Jul 28, 2026
$1,300,000
Initial Listing
Sold
Nov 6, 2019
$1,300,000
Public Record
Sold
Mar 22, 2019
$1,030,000
Public Record
Sold
Oct 20, 2006
$745,000
Public Record
Sold
Jun 6, 2003
$452,000
Public Record