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… Read More 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. Read Less
Courtesy of Kidder Mathews of California, Inc. 858-369-3010
Listing Snapshot
Days Online
90
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,592
Lot Size
0.17 Acres
Year Built
1911
MLS Number
24-451563
30 Days Snapshot Of 90026
$1,569k
+23%
(avg) sold price
7
-41%
homes sold
63
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
2,592 sq ft, Built in 1911, Levels: One
Cooling
None
Disclosures
None
Garage
Driveway
Heating
Wall
Lot
LotAcreage: 0.1708, LotSizeArea: 7,442
Parking
OpenOtherSpacesTotal: 5, TotalParking: 5
Property
NumberOfUnits: 3, Zoning: LARD1.5
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