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$1,300,000
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Property Description
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.
Full Property Details
Full Property Details for 2854 W Pico
General
- Price: $1,300,000
- Status: Active
- Type: Retail
- Source: MRMLS
- MLS ID: PW26165438
- Updated: 8/7/2026
- Days on Market: 26 days
- Added to Site: 29 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Driving Directions: Pico Blvd and Normandie Ave
Structural Information
- Stories/Levels: 1
- Building Size: 3596
- Square Feet: 3,596
- Year Built: 1921
Lot Features
- Lot Size (Acres): 0.146
- Useable Acres: .146
- Lot Size (Sq. Ft.): 6,358
- Lot Size Source: Assessor
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $361
Disclosures and Reports
- Property ID: 5075010028
Listed by Epique Realty, MihwaYi
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Schools
Schools serving 2854 W Pico
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Los Angeles Elementary School 1211 South Hobart Boulevard, Los Angeles, CA 90006 | K-5 | 0.2 mi |
Berendo Middle School 1157 South Berendo Street, Los Angeles, CA 90006 | 6-8 | 0.5 mi |
West Adams Preparatory High School 1500 West Washington Boulevard, Los Angeles, CA 90007 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2854 W Pico
Date
Details
Price
Change
Source
7/27/2026
Listed
$1,300,000
-0.95%
MLS
7/22/2005
Sold
$1,312,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2854 W Pico
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,143
3%
$854,098
4%
2023
$10,795
5%
$820,935
2%
2022
$10,312
1%
$804,839
2%
2021
$10,164
-1%
$789,059
1%
2020
$10,256
4%
$780,969
2%
2019
$9,874
2%
$765,657
2%
2018
$9,705
3%
$750,645
2%
2017
$9,448
-24%
$735,927
2%
2016
$12,364
36%
$721,498
2%
2015
$9,085
—
$710,661
2%
2014
$9,121
2%
$696,741
—
2013
$8,926
—
$693,593
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2854 W Pico
2854 W Pico, Los Angeles, CA 90006 (MLS# PW26165438) is a Retail property. 2854 W Pico is currently listed for $1,300,000 and was received on July 27, 2026. Want to learn more about 2854 W Pico? Do you have questions about finding other Retail real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

