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
Property listed by Compass, Bo Hyeok Kim 626-205-4040
Listing Snapshot
Days Online
37
Last Updated
Property Type
Other
Beds
23
Square Ft.
5,904
Lot Size
0.22 Acres
Year Built
1921
MLS Number
25579225
30 Days Snapshot Of 90019
$1.30M
+19%
(avg) sold price
12
+33%
homes sold
65
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 5,904, Levels: Two, Living area: 5904, 2 stories, 2 buildings
Heating
FloorFurnace, WallFurnace
Income
Gross income: $205,080, Net operating income: $124,000
Lot
0.2167 acres, 9,440 square feet, Size: 9,440
Parking
10 totals parking, Gated
Property
Zoning: LAC4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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