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$1,195,000

Beds
4
sq ft
2,592

241 N Park View St, Los Angeles, CA 90026

241 N Park View St

Los Angeles, CA 90026

  • 74 days on market
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.

Details

Property type

Lot size

7,442 sq ft

Price per sq ft

$462

Year built

1911

HOA

No

Price History

10/10/2024
CLAW

CLAW #24451563

Listed
$1,195,000

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/23/2024 at 3:25 PM

Listing updated: 12/04/2024 at 9:10 PM

Listed by: Casey Lins, Kidder Mathews of California, Inc. Phone #: (858) 369-3010

MLS: CLAW #24451563

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