3714 Pico Blvd - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$2,790,000 USD
213-588-3629
3714 Pico Blvd, Los Angeles, CA for Sale
$2,790,000 USD
Apartments - FOR SALE
1/20
null | 5.73% Cap Rate

3714 Pico Blvd
Los Angeles, CA 90019
Arlington Heights


HIGHLIGHTS

  • Use code for boarding/rooming houses, apartment hotels, and hostels
  • Cash Cow-MIxed Use Zoning
  • Located Adjacent to Mid-City, Culver City, Koreatown, and DTLA
  • Significant Rental Upside Potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/SF

$477 USD /SF

# OF UNITS

1

PRICE/UNIT

$2,790,000

CAP RATE

5.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,104 SF

ZONING

LAC4

APN/PARCEL ID

5072-025-003

ASK ABOUT THIS PROPERTY

Bo KimCompass CommercialMore Info
213-588-3629

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Bo KimCompass CommercialMore Info
213-588-3629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.