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241 N Park View Street

Los Angeles, CA 90026

– beds
– baths
– sqft
7,442 sqft lot
1911 build
– on site

We are pleased to present 241 N Park View St, a rare FULLY VACANT triplex in the Historic Filipinotown submarket of Los Angeles, just south of the 101 freeway and Echo Park. Built in 1911, 241 N Park View St consists of two separate structures totaling 2,592 rentable square feet that is situated on 7,442 square feet of LARD1.5 zoned land with a Tier 2 TOC density bonus. The unit mix consists of 1 two-bedroom unit located in the rear house and 2 one-bedroom units located in the front duplex which offers a driveway for onsite tandem parking. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property and provides flexibility for determining unit rehab finishes and new tenant selection to ultimately stabilize the property at market rents, making this an excellent investment for any type of investor. As a market rate development site, the Seller has preliminary plans that have been submitted to LADBS for a 7-unit market-rate development. Numerous reports are available for Buyer's review, including survey, soils reports, etc. As an ED1 development project, there's potential to build up to 35- 40 units for 100% affordable housing. By utilizing the ED1 legislation, there is an expedited approval process.

Listed By CRMLS_CA / Casey Lins / Kidder Mathews of California, Inc.

Last checked: Checking… • Last updated Nov 4, 2024 •

MLS# 24451563 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1911
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

2592.00
# of Buildings:

2
Total Number Of Units:

3
Stories Total:

1

Interior

Levels:

One

Location

Directions:

Google Maps: 241 N Park View St, Los Angeles, CA 90026
Latitude:

34.07097300
Longitude:

-118.27262200

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Size Area:

7442.0000
Lot Size Acres:

0.1708
Lot Size SqFt:

7442.00
Lot Size Source:

Assessor
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5157007023

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

No
Cooling:

None

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Driveway
Parking Spaces:

5.00
Uncovered Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/10/24 Oct 10, 2024	Listed / Active	CRMLS_CA	$1,195,000

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $1,195,000. 241 N Park View Street is a – square foot multifamily with – beds and – baths that has been on Estately for 26 days. 241 N Park View Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Rosemont Avenue Elementary School, Lake Street Primary School, Miguel Contreras Learning Complex - Business And Tourism, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - School Of Social Justice, Virgil Middle School, and Ramon C Cortines School Of Visual And Performing Arts.

Listing Courtesy of: CRMLS_CA and Kidder Mathews of California, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:00 on Nov 05.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.