Property listed by Compass, Bo Hyeok Kim 626-205-4040
$2,590,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
39
Last Updated
Beds
23
Square Ft.
5,904
Lot Size
0.22 Acres
Year Built
1921
MLS Number
25579225
Additional Details
Building
Built in 1921, Living area: 5904.0, 2 buildings, 2 stories, Levels: Two
Heating
FloorFurnace, WallFurnace
Income
Gross Income: $205,080, Net Operating Income: $124,000
Lot
0.2167 acres
Parking
10 total parking spaces, Gated
Taxes
Parcel Number: 5072025003, Zoning: LAC4
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