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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6BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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7,790SQFT
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$186$/SQFT
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.
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.