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945 S Park View St

Los Angeles, CA 90006
  • $1,450,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 22-143285
UPDATED: 171 min ago
$1,450,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,790
    SQFT
  • $186
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1903
County:

School Ratings & Info

School District:

Description

ONLY $186/SF!!! 945 S. Park View St is a 6 unit building in the Pico Union submarket near the Convention Center and Crypto Arena. This corner lot is zoned LAR4 +TOC Tier 3 and currently consists of 6 HUGE units built in 1903. This is an excellent "value-add" opportunity and covered land play in an improving location bordering Koreatown. 62% UPSIDE IN RENTS! 94 Walk Score. All units are extremely spacious and average 1,298 SF. They are legal 1br's, mostly being used as 3 Br's (living and formal dining rooms have closets). Each unit is separately metered for gas and electric, and units have large kitchens, individual hot water heaters, laundry rooms, and upper units have small dens and balconies. The property is ideal for an investor seeking a "value-add" opportunity. Numerous upcoming new developments slated for the area, this property is poised to be an excellent long-term play as units turn and the area continues to improve. *Must Be Sold Together with 924 & 930 Grand View* Contact listing agent for a full marketing package.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127381476
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945 S Park View St Los Angeles, CA 90006

  • Price: $1,450,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 171 min ago
  • MLS #: 22-143285
6
Beds
0
Baths
0
½ Baths
0.16
Acres
7,790
SQFT
$186
$/SQFT
1903
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
School District:
Los Angeles Unified
Property Description
ONLY $186/SF!!! 945 S. Park View St is a 6 unit building in the Pico Union submarket near the Convention Center and Crypto Arena. This corner lot is zoned LAR4 +TOC Tier 3 and currently consists of 6 HUGE units built in 1903. This is an excellent "value-add" opportunity and covered land play in an improving location bordering Koreatown. 62% UPSIDE IN RENTS! 94 Walk Score. All units are extremely spacious and average 1,298 SF. They are legal 1br's, mostly being used as 3 Br's (living and formal dining rooms have closets). Each unit is separately metered for gas and electric, and units have large kitchens, individual hot water heaters, laundry rooms, and upper units have small dens and balconies. The property is ideal for an investor seeking a "value-add" opportunity. Numerous upcoming new developments slated for the area, this property is poised to be an excellent long-term play as units turn and the area continues to improve. *Must Be Sold Together with 924 & 930 Grand View* Contact listing agent for a full marketing package.
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Entry Location Ground Level W/Steps Garage Structures Total 0 Lot Location Corner Lot Lot Size Area 6786 Other Structures None Parking Garage None Patio Features Balcony Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 0 View Description None View YN No Water Frontage None

Interior Features

Baths Total 6.00 Cooling Wall/Window Equipment None Fireplace Rooms OtherDecorative Flooring LaminateLinoleumTile Foundation Details Raised Heating Wall Laundry In Unit Water Heater Features Gas

Property Features

ADACompliance No Alley YN No Disability Access None Gross Income 88044 Gross Operating Income 88044 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 47151.00 Number Of Buildings 1 Number Of Units 6 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 40893 Type Of Units Six Units Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Dana Coronado DRE#01746702 of Equity Union.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
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