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$3,700,000   Price Analysis
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1050 S Park View St
Los Angeles, CA 90006
Unknown bed 20 bath 10,948 SqFt ($337/SqFt)
6,289SqFt lot. Built 1923
Listed 2024-04-16, Taxes $11,219		Ⓧ USDA Ineligible
due to price & location
near Los Angeles

The Park View 21 consists of 3 street level commercial units + 18 residential studios.

Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease- up process. Situated on the Northeast corner of Park View St and 11th St, this building is strtegically located in the rapidly changing Pico Union submarket adjacent to Downtown LA.

This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.


Presented by Barak Cassilly at
Kidder Mathews of California, Inc.


Property MLS #24-380519 from TheMLSCLAW

Total Bathrooms: 20
Full Bathrooms: 20

Cooling Features: Wall Unit(s)
Heating Features: Wall

Lot Size Acres: 0.1443756
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6289

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 21
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 26910, 2 BathsTotal: 1, 2 SquareFeet: 2500, 3 BathsTotal: 1, 3 SquareFeet: 2000, 4 SquareFeet: 2000

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.21
Directions: 1050 S Park View St, Los Angeles, CA 90006
Source Property Type: Residential Income
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5136-015-012
Postal Code Plus 4: 2052
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$231,724 + $601,052
$832,776		$11,219
2021$227,181 + $589,267
$816,448		$11,022
2020$224,852 + $583,225
$808,077		$11,114
2019$220,444 + $571,790
$792,234		$10,719
2018$216,122 + $560,579
$776,701		$10,561
2017$211,885 + $549,588
$761,473		$10,310
2016$207,731 + $538,812
$746,543		$9,959
2015$204,611 + $530,719
$735,330		$9,826
2014$200,603 + $520,323
$720,926		$9,889
2013$199,697 + $517,972
$717,669		$9,574
2012$195,782 + $507,816
$703,598		$9,706
2010$191,944 + $497,859
$689,803		$9,863
2009$190,963 + $495,313
$686,276		$9,507
2009$190,510 + $494,139
$684,649		$9,507
2008$187,219 + $485,601
$672,820		$9,137
2007$183,549 + $476,080
$659,629		$8,806

Listed 2024-04-16
$3,700,000
TheMLSCLAW
Sold 2000-03-29
$575,000
Public Record
Listing removed 2000-01-01
$595,000
ITECH
Listed 1999-05-25
$595,000
ITECH
Sold 1997-07-17
$217,500
Public Record
Sold 1985-10-17
$50,000
Public Record

Net Operating Income: 192690

Total Square Feet Living: 10948
Year Built: 1923
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 101
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Leo Politi Elementary School is a public elementary school located approximately 0.2 miles away.
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Berendo Middle School is a public middle school located approximately 0.6 miles away.
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Belmont Senior High School is a public high school located approximately 1.4 miles away.
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Green Pastures Cultivation Academy is a private middle and high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.