3073 W. Pico Blvd. is a charming Craftsman design, 19 unit apartment building located in the Mid-Wilshire district of Los Angeles. Built in 1910 and comprised of 4 (1+1), 14 singles, and one bachelor, the building offers tasteful classic touches including custom built-ins, wainscoting, and hardwood floors in select units. Two units have large private balconies with city views. The spacious lobby features a fireplace and opens to a large porch. Building highlights include on-site laundry facilities, bicycle storage, wall-mounted AC, and a small backyard with rose garden. Due to the strong in-place cash flow, rental upside potential, recent neighborhood growth, and overall quality of this asset-this is a great investment opportunity in an extremely high-demand/strong rental growth market.
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