3714 W Pico Boulevard, Los Angeles, CA 90019
- $2,590,000
- 23
- BD
- 11
- BA
- 5,904
- SqFt
- List Price
- $2,590,000
- Price Change
- ▼ $200,000 1758671779
- Status
- ACTIVE
- MLS#
- 25579225
- Year Built
- 1921
- Bedrooms
- 23
- Bathrooms
- 11
- Living Sq. Ft
- 5,904
- Lot Size
- 9,440
- Acres
- 0.22
- Days on Market
- 310
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Compass is pleased to present the opportunity to acquire a mixed-use commercial income property in the Arlington Heights neighborhood of Los Angeles. This property boasts commercial zoning with a use code for boarding/rooming houses, apartment hotels, and hostels- offering incredible flexibility and income potential. The front building currently features 11 bedrooms and 6 bathrooms, in addition to 4 studios on the side and two 2-bedroom, 1-bathroom units in the rear. The second building features a duplex, each unit with 2 bedrooms and 1.5 bathrooms. In total, the property boasts 23 bedrooms and 11 bathrooms. With rents currently below market rates, there is tremendous potential for the right buyer to convert this into a cash cow through creative strategies by leveraging the unique use code and zoning.
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Additional Information
- Heat
- Floor Furnace, Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 9
Listing courtesy of Listing Agent: Bo Hyeok Kim (bokim@compass.com) from Listing Office: Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.