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1050 S Park View Street

Los Angeles (City), CA 90006
  • $3,600,000
  • STATUS: Active
  • ON SITE: 235 Days
  • ID#: 24380519
UPDATED: 26 min ago
$3,600,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,948
    SQFT
  • $329
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Barak Cassilly of Kidder Mathews of California, Inc. (858-369-3010) and Casey Lins of ()


Description

The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-11T00:27:44.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/149433178
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1050 S Park View Street Los Angeles (City), CA 90006

  • Price: $3,600,000
  • Status: Active
  • On Site: 235 Days
  • Updated: 26 min ago
  • ID#: 24380519
0
Beds
0
Baths
0
½ Baths
0.14
Acres
10,948
SQFT
$329
$/SQFT
1923
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.
Exterior Features

Parking Features None Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 5.39 Gross Income 314016 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 193940 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 3 Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-11T00:27:44.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Barak Cassilly of Kidder Mathews of California, Inc. (858-369-3010) and Casey Lins of ()