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Natalie Miranda
marketing@thewhipplegroup.com$ 2,790,000
Est. payment | /mo
23 Beds
11 Baths
5,904 SqFt
$ 2,790,000
Est. payment | /mo
23 Beds
11 Baths
5,904 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,904 sqft
Price per Sqft $472
MLS Listing ID 25579225
Bedrooms 23
HOA Y/N No
Year Built 1921
Lot Size 9,439 Sqft
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.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAC4
Interior
Heating Floor Furnace, Wall Furnace
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5072025003
Special Listing Condition Standard
Listed by Bo Hyeok Kim Compass
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Natalie Miranda
Marketing Director | License ID: 02122928