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Map
$2,841,777*
●
Multifamily -
Off Market
518 South PARK VIEW Street
Los Angeles (City), CA 90057
5 Beds
4 Baths
2819 Sqft
$1,755,000 - $2,145,000
Reference Base Price*
45.73%
Since Nov 1, 2019
CA-Los Angeles
Primary Model
About This Property
ATTENTION BUILDERS AND DEVELOPERS!!! LOCATED IN THE HEART OF
WESTLAKE/MAC ARTHUR PARK AREA OF DOWNTOWN LA, HERE IS AN INCREDIBLE
OPPORTUNITY TO BUILD A BRAND NEW 30 UNITS APARTMENT 6 STORIES
BUILDING WITH ROOF TOP AMENITIES AND ONE SUBTERRANEAN PARKING
LEVEL. OF THESE 30 UNITS, PLANS CALL FOR 3 AFFORDABLE HOUSING
UNITS. THE PLANS WILL BE SUBMITTED SOON WITH TOC INCENTIVES FOR 70%
BONUS DENSITY. PENDING APPROVAL OVER THE NEXT APPROX 12
MONTHS. OWNER HAS ANOTHER SIMILAR 30 UNIT PROJECT ACROSS THE STREET
THAT IS ALSO SUBMITTED, PENDING APPROVAL AND MAY BE AVAILABLE FOR
SALE. CURRENTLY THE EXISTING BUILDING IS A 4-PLEX WITH TOTAL
MONTHLY RENTS OF $927, $772, $1200, $1050 WHICH ALL INCLUDE
UTILITIES. PROPOSED RENTS ARE ESTIMATED BASED ON MARKET RENTS WHICH
WILL BE RENT CONTROL FREE.
The manager has listed the unit size as 2819 square feet.
The manager has listed the unit size as 2819 square feet.
Unit Size
2,819Ft²
Days on Market
-
Land Size
7,589.00 acres
Price per sqft
$692
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1904
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2019 | No longer available | - | |
| No longer available | |||
| Jul 31, 2019 | Listed | $1,950,000 | |
| Listed | |||
Property Highlights
Parking Available
518 South PARK VIEW Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
4
Beds
2
Baths
2,875 ft²
$696/ft²
$1,999,999
Sep 26, 2022
-
-
Multifamily
13
Beds
9.5
Baths
5,840 ft²
$291/ft²
$1,700,000
Mar 9, 2023
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
08/03/2022
|
|
Studio
|
-
|
3715 ft²
|
$1,895,000
Studio
-
3715 ft²
|
-
-
|
-
|
Aristide Buhoiu
Royal Estate Properties
|
|
07/31/2019
|
|
5 Bed
|
4 Bath
|
2819 ft²
|
$1,950,000
5 Bed
4 Bath
2819 ft²
|
-
-
|
-
|
-
|
|
04/27/2017
|
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
-
|
Building Info
518 South Park View Street
518 South Park View Street, Los Angeles, CA 90057
