$32,000,000
For Sale

3057 W Pico Boulevard

Los Angeles, CA 90006
Courtesy of The Agency
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Description

PRICE REDUCED!!! MOTIVATED SELLER, BRING ALL OFFERS~!!!!! Proudly presenting The Decollage, a brand NEW 51 unit mixed-use development WITH NO LOW INCOME UNITS, located in booming Koreatown in Los Angeles! Leasing of the units have commenced and expected to have the building stabilized soon. The Decollage has approximately 3,500 sq ft of ground floor commercial space with a separate parking lot with 16 spaces dedicated solely for the commercial space. 5 levels of apartments sit above the commercial space with a generously spacious unit mix of 16 1bd/1ba, 28 2bd/ba, 7 2bd/2ba+loft with a total of 116 parking spaces.The building amenities include an open courtyard, gym, recreation room, and roof decks for tenants. The Decollage Apartments is located in a very convenient and central location. Decollage Apartments are within 2.5 miles from the Staples Center & LA Live, very close to USC, UCLA, easy access to major freeways, public transportation, and plenty of markets, and restaurants. No low-income units in the building or any deed-restricted units, all 51 units will be available at current market rates and is non rent-controlled. Minimal expenses for the owner as each unit is individually metered for electricity, gas, and sub-metered for water. Don't miss out on this excellent opportunity!
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  • Interior Details
    • Beds & Baths
      • Bathrooms:2
  • Property Details
    • Property
      • View:CityLights
      • Stories:6
    • Measurements
      • Acres:0.4937
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:2022
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$34, 995, 000
      • Selling Office Commission:2.000
  • Other
    • Source
      • MLS #:22166673

Location

Gary ElminoufiReal Estate Group
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