Multibuilding Apartment
New
For Sale
$2,290,000
3714 W Pico Blvd, Los Angeles, CA 90019
The property contains a varied mix of studio, one-bedroom, and two-bedroom residences across two buildings.
Property Size5,854 SF
Price / SF$391.19
Days on Market4
Property Features for 3714 W Pico Blvd
General Information
Standard status
Active
Size
5,854 SF
Property subtype
MULTI_FAMILY
Additional Details
Unit Mix
4 x studio, 2 x 2BR/1BA, 2 x 2BR/1.5BA
Building Details
Building Size
5,854 SF
Year Built
1921
Buildings
2
Listing Agency:
Compass
Listed By:
Bo Hyeok Kim · License #01968218
(213) 802-0325
Source:
Benbelack
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 12:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
Two buildings provide a combined 23 bedrooms and 11 bathrooms. The front structure has 11 bedrooms and 6 bathrooms, plus four studios along the side. Two rear residences each have two bedrooms and one bathroom. The second building is a duplex, with two bedrooms and 1.5 bathrooms in each unit. The property dates to 1921.
Located at 3714 W Pico Blvd in Los Angeles, the property has commercial zoning and a use code covering boarding and rooming houses, apartment hotels, and hostels.
Located at 3714 W Pico Blvd in Los Angeles, the property has commercial zoning and a use code covering boarding and rooming houses, apartment hotels, and hostels.
Key Highlights
- 23 bedrooms and 11 bathrooms across two buildings
- Front building includes 11 bedrooms, 6 bathrooms, and four side studios
- Two rear residences, each with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,544
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,880
$2.4M
Cap Rate 7%
$1,693,486
$1.7M
Cap Rate 9%
$1,317,156
$1.3M
Market Conditions
NOI Build-Up for 5,854 SF
Gross rent
$210.7K $36.00/SF
− Vacancy
−$21.1K −$3.60/SF
EGI
$189.7K $32.40/SF
− OpEx
−$71.1K −$12.15/SF
NOI
$118.5K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,880
Cap Rate 7%
$1,693,486
Cap Rate 9%
$1,317,156
Alternative Uses
Best Use
Apartment 5plus
$103.49M
$90.56M – $120.74M
NOI $7,244,641 @ 7.0% cap · market cap 316.36%
Second Best
Mixed Use
$1.69M
$1.48M – $1.98M
NOI $118,544 @ 7.0% cap · market cap 5.18%
Theoretical Best
Multifamily LT 5
$118.60M
$103.77M – $138.36M
NOI $8,301,897 @ 7.0% cap · market cap 362.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 90019, CA
62,002
Population
26,203
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
80%
High-School Grad
3.9 sq mi
ZIP Area
15,898
Density / Sq Mi
$71,395
Median Household Income
$40,316
Median Earnings
$1,782
Median Rent
$1,178,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property contains a varied mix of studio, one-bedroom, and two-bedroom residences across two buildings.
Where is this apartment building located?
The property is located at 3714 W Pico Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,290,000.
What are key features of this property?
This property features: 23 bedrooms and 11 bathrooms across two buildings; Front building includes 11 bedrooms, 6 bathrooms, and four side studios; Two rear residences, each with 2 bedrooms and 1 bathroom
