CA > Los Angeles
Los Angeles, CA 90057,518 S Park View Street
Los Angeles, CA 90057,518 S Park View Street
Los Angeles, CA 90057,518 S Park View Street
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$3,100,000
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7,589 Sqft Lot
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518 S Park View Street Los Angeles, CA 90057

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

01/09/2025 08:29 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25003697

HOA Y/N No

Lot Size 7,589 Sqft

Property 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 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.
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.

Location

State CA

County Los Angeles

Area Los Angeles (90057)

Zoning Assessor

Building

Story 6

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $51

Acceptable Financing Conventional, Exchange, FHA

Listing Terms Conventional, Exchange, FHA

San Diego Regional MLS (SDMLS)
Listed by Aristide Buhoiu • Royal Estate Properties

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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518 S Park View Street

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