Skip To Content

518 S Park View Street

Los Angeles (City), CA 90057
  • $1,995,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: SR22168826
UPDATED: 48 min ago
$1,995,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Ratings & Info

Listing Agent(s): Aristide Buhoiu of Royal Estate Properties (818-445-4663)


Description

Incredible Development Project!!! Situated in a OPPORTUNITY ZONE, this property is perfectly located in the thriving revitalized area of Macarthur Park/Westlake where currently there are a number of new apartment developments just completed. This property, which sits on a above average R4 zoned Lot is also located in a Trans Oriented Community (TOC) Tier 3 which allows the development of a brand new 30 units apartment building, 6 stories and 1 basement with a roof top using the 70% Bonus Density. Only 3 affordable units would be required of the 30 proposed units. Current tenants are month to month. Motivated seller!

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T20:31:26.143. 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 deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
www.livelovebeachcities.com/homes/131564432
Print Image

518 S Park View Street Los Angeles (City), CA 90057

  • Price: $1,995,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 48 min ago
  • ID#: SR22168826
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1904
Built
Neighborhood:
KREA - Koreatown
County:
Los Angeles
Area:
KREA - Koreatown
Property Description
Incredible Development Project!!! Situated in a OPPORTUNITY ZONE, this property is perfectly located in the thriving revitalized area of Macarthur Park/Westlake where currently there are a number of new apartment developments just completed. This property, which sits on a above average R4 zoned Lot is also located in a Trans Oriented Community (TOC) Tier 3 which allows the development of a brand new 30 units apartment building, 6 stories and 1 basement with a roof top using the 70% Bonus Density. Only 3 affordable units would be required of the 30 proposed units. Current tenants are month to month. Motivated seller!
Exterior Features

Lot Features Near Public Transit Number Of Separate Electric Meters 4 Open Parking Spaces 5 Parking Total 9 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Street Lights Current Financing ConventionalPrivate Exclusions Tenant's Personal Property Garage YN Yes Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional1031 ExchangeFha Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 0 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T20:31:26.143. 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 deemed reliable but is not guaranteed accurate by the MLS or Bathurst Coastal Properties | Compass. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369511763-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369511763-1.jpg
Logo
Bathurst Coastal Properties | Compass
2141 Rosecrans Ave, Suite 1120
El Segundo CA, 12345
Listing Agent(s): Aristide Buhoiu of Royal Estate Properties (818-445-4663)