CA > Los Angeles
Los Angeles, CA 90026,241 N Park View St
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Los Angeles, CA 90026,241 N Park View St
Los Angeles, CA 90026,241 N Park View St
Los Angeles, CA 90026,241 N Park View St
Los Angeles, CA 90026,241 N Park View St
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Naomi Selick

Naomi Selick

+1(213) 280-9120
$ 1,195,000
Est. payment /mo
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Active

241 N Park View St Los Angeles, CA 90026

4 Beds

3 Baths

2,592 SqFt

UPDATED:

11/04/2024 04:18 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,592 sqft

Price per Sqft $461

MLS Listing ID 24-451563

Bedrooms 4

Year Built 1911

Lot Size 7,442 Sqft

Acres 0.1708

Property Description

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.

Location

State CA

County Los Angeles

Area Silver Lake - Echo Park

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Garage Driveway

Garage Spaces 5.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

Naomi Selick

+1(213) 280-9120

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241 N Park View St

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