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518 S Park View Street

Los Angeles, CA 90057

– beds
– baths
– sqft
7,589 sqft lot
2025 build
– on site

Incredible Development Opportunity to build!!! This property will be delivered with RTI approved plans to build a new 30 unit apartment building on 6 stories and basement. The existing four-plex holds month to month tenants and the property can be vacated in approx. 3 months. Situated in the OPPORTUNITY ZONE, this property is perfectly located in the thriving revitalized area of Macarthur Park/Westlake, just blocks away from Korea Town and Downtown, where currently there are a number of new apartment developments just completed. This property, sits on an expansive, R4 zoned lot and it's also located in Trans Oriented Community (TOC) Tier 3 area 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 are required of the 30 proposed units. Motivated seller! All information described here, is for the future construction development and not for the current 4plex.

Listed By CRMLS_CA / Aristide Buhoiu / Royal Estate Properties / 818-445-4663

Last checked: Checking… • Last updated Jan 17, 2025 •

MLS# SR25003697 —

The Building

Year Built:

2025
Year Built Source:

Assessor
New Construction:

Yes
Building Area Total:

23535.00
Building Area Units:

Square Feet
Total Number Of Units:

30
# of Buildings:

1
Stories Total:

6
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Entry Location:

1
Number Wall AC:

4
Laundry:

Common Area
Laundry:

1

Location

Directions:

6th St to Park View and Head North
Latitude:

34.06209300
Longitude:

-118.27683700

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LAR4
Lot Features:

Lot 6500-9999, Near Public Transit
Lot Size Area:

7589.0000
Lot Size Acres:

0.1742
Lot Size SqFt:

7589.00
Lot Size Source:

Assessor
Exclusions:

Tenant's personal property
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

M
Tax Census Tract:

2088.01
Tax Tract:

208801
Tax Lot:

29

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5154037030

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Neighborhood:

Macarthur Park/Westlake
Features:

Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

27.00
Garage Spaces:

27.00

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

Max Internet Speed

AT&T Internet

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/8/25 Jan 8, 2025	Listed / Active	CRMLS_CA	$3,100,000	129.6% (23.2% / YR)
8/8/22 Aug 8, 2022	Price Changed	CRMLS_CA
8/3/22 Aug 3, 2022	Listed / Active	CRMLS_CA

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This multifamily located in Central LA, Los Angeles, CA 90057 is currently for sale for $3,100,000. 518 S Park View Street is a – square foot multifamily with – beds and – baths that has been on Estately for 13 days. 518 S Park View Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Edward R. Roybal Learning Center, Lafayette Park Primary Center, Miguel Contreras Learning Complex - Business And Tourism, Belmont Senior High School, Miguel Contreras Learning Complex - School Of Social Justice, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Charles White Elementary School, Ramon C Cortines School Of Visual And Performing Arts, and John H Liechty Middle School.

Listing Courtesy of: CRMLS_CA and Royal Estate Properties. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Jan 21.

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.