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23-Bedroom ResidentialIncome — 3714 W Pico Boulevard, Los Angeles, CA

$2,590,000

3714 W Pico Boulevard, Los Angeles, CA

$2,590,000 — 3714 W Pico Boulevard, Los Angeles, CA — photo 1 $2,590,000 — 3714 W Pico Boulevard, Los Angeles, CA — photo 2 $2,590,000 — 3714 W Pico Boulevard, Los Angeles, CA — photo 3 $2,590,000 — 3714 W Pico Boulevard, Los Angeles, CA — photo 4 $2,590,000 — 3714 W Pico Boulevard, Los Angeles, CA — photo 5
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About this property

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.

Property details

Bedrooms
23
Bathrooms
11
Square feet
5,904
Year built
1921
Property type
ResidentialIncome

Location

3714 W Pico Boulevard • Los Angeles, CA 90019

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Listed by

Bo Hyeok Kim · Compass

Listing courtesy of Compass. Information deemed reliable but not guaranteed.

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