3714 W Pico Boulevard Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,904 sqft
Price per Sqft $438
MLS Listing ID CL25579225
HOA Y/N No
Year Built 1921
Lot Size 9,440 Sqft
Acres 0.22
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
Fireplace No
Building
New Construction No
Others
Tax ID 5072025003