1050 South Park View Street

Los Angeles, CA 90006

$3,700,000
Price
—
Beds
20
Baths
10,948 Sq. Ft.
$338 / Sq. Ft.
10,948
Sq. Ft.
$338
per Sq. Ft.

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...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.
  1. Listed by Barak Cassilly • DRE #02047004 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
  2. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 1050 South Park View Street

Zoning
LAC2
Parcel Number
5136015012
Total Units
21.0
Living Area
10948
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
3
Lot Size Area
6289

Location

Listing Courtesy of Kidder Mathews of California, Inc., Barak Cassilly, DRE #02047004; Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute
LISTING UPDATED: 04/23/2024 12:01 AM

Property Details for 1050 South Park View Street

StatusActive
MLS #24-380519
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.14 AC / 6,289 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Barak Cassilly, DRE #02047004; Kidder Mathews of California, Inc., Casey Lins, DRE #01902650
Add your commute

Building Information for 1050 South Park View Street

Stories2Residences-Year Built1923Building Size-Lot Size0.14 AC / 6,289 SF

Payment Calculator

$21,168 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,192

Property Taxes

$976

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1050 South Park View Street

Community / Development
Community / Development
  • Number Of Units: 21
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Mixed Use
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $304,596
  • Net Operating Income: $192,690.00
  • Gross Income: $314,016
  • Cap Rate: 5.21%
  • Gross Rent Multiplier: $11.78
  • Total Annual Expense: 111906
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1444
  • Lot Size Square Feet: 6289
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,155.00
  • Unit Actual Rent: $20,793.00
  • Unit Projected Rent: $26,910.00
  • Like Units: 18
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109

Property History for 1050 South Park View Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1050 South Park View Street

Taxable ValueLand$613,073Additions$238,458Total$851,531
Tax Record2023$11,713 ($976 / month)
Home Facts
Total Finished SqFt10,948 SqFtAbove Grade Finished SqFt10,948 SqFtStories1Lot Size6,287 SqFtStyleOffice BuildingYear Built1923ZoningLAC2CountyLOS ANGELESAPN5136-015-012

Schools near 1050 South Park View Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leo Politi Elementary School
PublicK to 5

Berendo Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1050 South Park View Street is a multi-family home for sale in Los Angeles, CA 90006. This property was listed for sale on April 15, 2024 by Kidder Mathews of California, Inc., it's currently listed at $3,700,000. It has been on the market for a total of 18 days and was last sold on March 29, 2000. This listing's school district is Los Angeles Unified School District. Nearby schools include Leo Politi Elementary School, Berendo Middle School and Contreras Learning Center-School Of Social Justice. 1050 South Park View Street is a 0-bed, 20-bath, 10,948 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Barak Cassilly, DRE #02047004; Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.