518 South Park View Street

Los Angeles, CA 90057

$3,100,000
Price
—
Beds
—
Baths
23,535 Sq. Ft.
$132 / Sq. Ft.
23,535
Sq. Ft.
$132
per Sq. Ft.

Description

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...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.
  1. Listed by Aristide Buhoiu • DRE #01322666 • Brokerage DRE #01322666 • Royal Estate Properties • 818-445-4663

Property Details for 518 South Park View Street

Parking Spaces Total
27
Private Pool
No
Total Units
30.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
23535
Assessor Parcel Number
5154-037-030
Property Attached YN
false
LISTING UPDATED: 01/08/2025 10:33 PM

Property Details for 518 South Park View Street

StatusActive
MLS #SR25003697
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2025
Lot Size0.17 AC / 7,589 SF
CountyLos Angeles County

Building Information for 518 South Park View Street

Stories6Residences-Year Built2025Building Size-Lot Size0.17 AC / 7,589 SF

Property Information for 518 South Park View Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Number Of Rented Garages: 1
  • Current Financing: Conventional, Private
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: M
  • Tax Tract Number: 208801
  • Tax Census Tract: 2088.01
  • CFD/Mello-Roos Fee: $612
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999, Near Public Transit
  • Number Of Units: 30
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 27
  • Parking Garage Spaces: 27
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 30
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 4

Property History for 518 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 518 South Park View Street

Taxable ValueLand$984,280Additions$492,139Total$1,476,419
Tax Record2024$18,356 ($1,530 / month)
Home Facts
Total Finished SqFt3,721 SqFtAbove Grade Finished SqFt3,721 SqFtLot Size7,588 SqFtStyleQuadraplexYear Built1904ZoningLAR4CountyLOS ANGELESAPN5154-037-030

Schools near 518 South Park View Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Charles White Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

Academic Leadership Community School
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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518 South Park View Street is a multi-family home for sale in Los Angeles, CA 90057. This property was listed for sale on January 8, 2025 by Royal Estate Properties, it's currently listed at $3,100,000. It has been on the market for a total of 46 days and was last sold on June 12, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles White Elementary School, John H. Liechty Middle School and Academic Leadership Community School. 518 South Park View Street is a 0-bed, 0-bath, 23,535 sqft multi-family home built in 2025.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Royal Estate Properties, Aristide Buhoiu, DRE #01322666

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.