3714 W Pico Blvd new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,904 sqft
Price per Sqft $472
MLS Listing ID 25579225
Bedrooms 23
Year Built 1921
Lot Size 9,440 Sqft
Acres 0.2167
Property Sub-Type Multi-Family
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
Area Mid Los Angeles
Zoning LAC4
Rooms
Other Rooms Other
Interior
Heating Other, Floor Furnace, Wall
Cooling Other, Wall Unit(s)
Equipment Other
Exterior
Parking Features Gated
Garage Spaces 10.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard