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.
5,904 Sq Ft
0.2167 Private Acres Lot Size
Investment
Built in 1921
MLS/Listing ID 25579225
2 Stories
9 Units
Heating - Floor Furnace
Parking - Gated
Cooling - Other
Heating - Other
Cooling - Wall Units
Source of Data: THE MLS
TOTAL MONTHLY COST
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