$2,590,000
$13,096 / mo est. · 20% down, 6.5%3714 Pico Boulevard
About this home
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.
Facts and features
- Days on market
- 343
- Property type
- ResidentialIncome
- Year built
- 1921
- Lot size
- 0.2167 acres
- Style
- Other
- Heating
- FloorFurnace,WallFurnace
- ZIP
- 90019
- Price / sqft
- $439
Location
Listing information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. Property data is provided in part by participating MLSs.
Listed by Bo Hyeok Kim, Compass. MLS #25579225.
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