3714 W Pico Blvd
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,290,000 |
| No. of Units: | 3 |
| Year Built: | 1921 |
| Lot Size: | 5,854.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $763,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 17 |
| Number of Bathrooms: | 7 |
ID: 3yd-CLAWCA-26999837
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