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1050 S Park View St

Los Angeles, CA 90006
  • $3,600,000
  • STATUS: Active Under Contract
  • ON SITE: 303 Days
  • MLS #: 24-380519
Under Contract
UPDATED: 36 min ago
$3,600,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 20
    BATHS
  • 0
    1/2 BATHS
  • 10,948
    SQFT
  • $329
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Description

The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. 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.deserthouseseekers.com/homes/149615284
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1050 S Park View St Los Angeles, CA 90006

  • Price: $3,600,000
  • Status: Active Under Contract
  • On Site: 303 Days
  • Updated: 36 min ago
  • MLS #: 24-380519
0
Beds
20
Baths
0
½ Baths
0.14
Acres
10,948
SQFT
$329
$/SQFT
1923
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.
Exterior Features

Levels Two Lot Size Area 6289 Other Structures None Parking Garage None Total Parking 0

Interior Features

Cooling Wall Unit(s) Equipment Other Heating Wall

Property Features

Disclosures As Is Gross Income 314016 Gross Operating Income 304596 Like Units1 18 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 193940.00 Number Of Buildings 1 Number Of Units 21 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 110656 Type Of Units Mixed Use Year Built Source Vendor Enhanced Zoning LAC2

Listing provided courtesy of Barak Cassilly DRE#02047004 of Kidder Mathews of California, Inc.: 858-369-3010.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210