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201 S Park View St

Los Angeles, CA 90057
  • $2,795,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 21-799676
$2,795,000
  • 13
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,128
    SQFT
  • $545
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

This 5-unit turn-key apartment complex in Historic Filipinotown (HiFi) has been renovated literally down to the studs and is an incredible opportunity for an investor wanting passive income. The building includes two 2 bedroom/1.5 bath units, two 3 bedroom/1.5 bath units, and one 3 bedroom/2 bath unit. Centrally located, the property sits around the corner from Silver Lake, Echo Park, and DTLA and is a short distance from the ever-evolving MacArthur Park and LaFayette Park areas, as well as from Westlakes' hot entertainment spots along Beverly Blvd. Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 freeways, this property includes 10 resident parking spaces with the potential for generating additional income. Priced to sell at $2,795,000, this property has a 16.07 GRM and 4.54% cap rate. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. 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/122870892
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201 S Park View St Los Angeles, CA 90057

  • Price: $2,795,000
  • Status: Active
  • On Site: 32 Days
  • MLS #: 21-799676
13
Beds
0
Baths
0
½ Baths
N/A
Acres
5,128
SQFT
$545
$/SQFT
1927
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
This 5-unit turn-key apartment complex in Historic Filipinotown (HiFi) has been renovated literally down to the studs and is an incredible opportunity for an investor wanting passive income. The building includes two 2 bedroom/1.5 bath units, two 3 bedroom/1.5 bath units, and one 3 bedroom/2 bath unit. Centrally located, the property sits around the corner from Silver Lake, Echo Park, and DTLA and is a short distance from the ever-evolving MacArthur Park and LaFayette Park areas, as well as from Westlakes' hot entertainment spots along Beverly Blvd. Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 freeways, this property includes 10 resident parking spaces with the potential for generating additional income. Priced to sell at $2,795,000, this property has a 16.07 GRM and 4.54% cap rate. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio.
Exterior Features

Carport Spaces Total 0 Covered Parking 5 Cross Streets Beverly Blvd And 3rd Direction Faces East Entry Location Ground Level W/Steps Garage Structures Total 1 Levels Two Lot Description 5 + Lots Lot Location City Lot Size Area 7507 Other Structures None Parking Garage Garage - 4+ CarParking SpaceUnassignedUncovered Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Style Traditional Tennis Court None Total Parking 10 View Description City View YN Yes Water Frontage None

Interior Features

Bathroom Features Low Flow Shower(S)Low Flow Toilet(S)RemodeledShower And Tub Baths Total 7.00 Bedroom Features All Bedrooms DownAll Bedrooms Up Common Walls Attached Cooking Appliances Free Standing GasRangeRange Hood Cooling Air ConditioningCentral Den No Dining Room No Equipment DishwasherDryerGarbage DisposalHood FanRange/OvenRefrigeratorStackable W/D HookupWasherWater Line To Refrigerator Family Room No Fireplace Rooms None Flooring HardwoodLaminate Heating Central Interior Features Common WallsDetached/No Common WallsTurnkey Kitchen Features Open To Family RoomRemodeledTile Counters Laundry In Unit Laundry Equipment Own Rooms Living Room Water Heater Features Tankless Windows Bay WindowDouble Pane Windows

Property Features

ADACompliance No Alley YN No Entry Floor Number 1 Gross Income 174240 Gross Operating Income 174240 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 127148.00 Number Of Buildings 2 Number Of Units 5 Owner Pays Gardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Security Features None Sewer In Connected And Paid Source Living Area Owner Source Lot Size Area Assessor Tenant Pays ElectricityGasWaterTrash Collection Total Annual Expense 47092 Type Of Units Multifamily Water DistrictMeter On Property Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Will Tiao DRE#01918965 of The Collective Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. 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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