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241 Park View Street

Los Angeles, CA 90026

$1,195,000 Price
Est. Payment: $ 0/mo
4
Bed
0
Bath
2,592 Sq. Ft.
$461 / Sq. Ft.

241 Park View Street

Los Angeles, CA 90026

$1,195,000 Price
$0/mo
4
Bed
0
Bath
2,592
Sq. Ft.
We are pleased to present 241 N Park View St, a rare FULLY VACANT triplex in the Historic Filipinotown submarket of Los Angeles, just south of the 101 freeway and Echo Park. Built in 1911, 241 N Park View St consists of two separate structures totaling 2,592 rentable square feet that is situated on 7,442 square feet of LARD1.5 zoned land with a Tier 2 TOC density bonus. The unit mix consists of 1 two-bedroom unit located in the rear house and 2 one-bedroom units located in the front duplex which offers a driveway for onsite tandem parking. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property and provides flexibility for determining unit rehab finishes and new tenant selection to ultimately stabilize the property at market rents, making this an excellent investment for any type of investor. As a market rate development site, the Seller has preliminary plans that have been submitted to LADBS for a 7-unit market-rate development. Numerous reports are available for Buyer's review, including survey, soils reports, etc. As an ED1 development project, there's potential to build up to 35- 40 units for 100% affordable housing. By utilizing the ED1 legislation, there is an expedited approval process.
PROPERTY INFORMATION
MLS # 24451563 Lot Size 7,442 Sq. Ft.
HOA Fees $0/Monthly Property Type N/A
Price $ 1,195,000
Price Per SqFt: $ 461
DOM 206 Days
Address 241 Park View Street Type Residential Income
City Los Angeles Sq.Ft. 2,592 Sq. Ft.
Postal Code 90026 Garage N/A
County Los Angeles Year Built 1911
Bed / Bath 4 / 0 Parking 5
Built In 1911 Status Active
INTERIOR FEATURES
Has Appliances Yes
Has Heating Yes
Heating Information Wall Furnace
Has Cooling No
Cooling Information None
EXTERIOR FEATURES
WALKSCORE
  Walk Score: 87 (Very Walkable)
  Transit Score: 74 (Excellent Transit)
MORTGAGE CALCULATOR
  • Principal & Interest:
  • Property Tax:   $1,275
  • Home Insurance:$119
  • HOA Fees:$0
  • Mortgage Insurance:


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PRICE HISTORY
Date Event Price
10/10/2024 Listed $1,195,000
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Listing provided courtesy of Casey Lins, Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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