3714 W Pico Boulevard

Los Angeles , CA 90019

MLS#: 25579225

$2,790,000

Status: Active
Listing number: 25579225
Listing provided by: Compass
Listing agent phone: None
Last update: 11 hours ago
New on site 1 day ago
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Property

Beds

23

Full Baths

None

1/2 Baths

None

Year Built

1921

Sq.Footage

5,904

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.

Features & Amenities

Interior

  • Total Bedrooms

    23

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Floor Furnace, Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Gated

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2167

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,790,000

  • Sq. Footage

    5, 904

  • Price/SqFt

    $472

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Bo Hyeok Kim , Compass

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(818) 321-0175

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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.

3714 W Pico Boulevard

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