3714 W Pico Boulevard new

Los Angeles,CA 90019

$ 2790000

- Bed

0 Bath

5904 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,904 sqft

Price per Sqft $472

MLS Listing ID CL25579225

Year Built 1921

Lot Size 9,440 Sqft

Property Sub-Type Other

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.

Location

State CA

County Los Angeles

Zoning LAC4

Interior

Heating Floor Furnace,Wall Furnace

Building

New Construction No

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