241 North Park View Street
$1,195,000
4
3
2,592
2,592
$461
Description
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...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 Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 241 North Park View Street
Zoning
LARD1.5
Parcel Number5157007023
Total Units3.0
Living Area2592
Source Living AreaAssessor
AreaSilver Lake (671)
Vacancy Rate2,664
Lot Size Area7442
LISTING UPDATED: 11/04/2024 09:18 AM
Property Details for 241 North Park View Street
Status | Active |
---|---|
MLS # | 24-451563 |
Days on Market | 43 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1911 |
Lot Size | 0.17 AC / 7,442 SF |
County | Los Angeles County |
Building Information for 241 North Park View Street
Stories1Residences-Year Built1911Building Size-Lot Size0.17 AC / 7,442 SF
Property Information for 241 North Park View Street
Property History for 241 North Park View Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 241 North Park View Street
Taxable ValueLand$307,851Additions$184,707Total$492,558
Tax Record2024$6,427 ($536 / month)
Home Facts
Total Finished SqFt2,592 SqFtAbove Grade Finished SqFt2,592 SqFtLot Size7,440 SqFtStyleTriplexYear Built1911ZoningLARD1.5CountyLOS ANGELESAPN5157-007-023
Schools near 241 North Park View Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 1 | |||
Public - | 2 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lake Street Primary School PublicK to 1 | ||
Rosemont Avenue Elementary School Public2 to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 |
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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