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Los Angeles, CA 90006 1050 S Park View Street

$3,700,000

1050 S Park View Street Los Angeles, Ca - Image 11050 S Park View Street Los Angeles, Ca - Image 21050 S Park View Street Los Angeles, Ca - Image 3
Presented By: Barak Cassilly with Kidder Mathews of California, Inc.;
  • MLS# 24380519
  • 04/15/2024
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  • BedBeds • 21
  • BathBaths • 20
  • FootageSQFT • 10,948

Home Details

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.
Presented By: Barak Cassilly with Kidder Mathews of California, Inc.;

Interior Features for 1050 S Park View Street

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths20

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 1050 S Park View Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.21
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
Directions1050 S Park View St, Los Angeles, CA 90006
Garage Y/NNo
Gross Income314016.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6289.0
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income192690.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NamePark View
Total Units21
View Y/NNo
Waterfront Y/NNo
Year Built1923
ZoningLAC2

Exterior for 1050 S Park View Street

Building Area Total10948.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1444
Lot Size Area6289.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,700,000
MLS#24380519
List Date 04/15/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors