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1050 S Park View St, Los Angeles, CA 90006
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1050 S Park View St Los Angeles, CA 90006

$3,700,000
  • 0 Beds
  • 20 Baths
  • 10,948 Sq.Ft.
For Sale
$3,700,000 Get Pre-Qualified
Map preview of 1050 S Park View St, Los Angeles, CA 90006

Property Overview: 1050 S Park View St Los Angeles, CA has -- bedrooms, 20 bathrooms, 10,948 living square feet and 6,289 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 strategically 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.

Listed by Barak Cassilly | BRE #02047004 | Kidder Mathews of California, Inc.
Co-listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 2 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
6,289
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24380519
City
Los Angeles
County
Los Angeles
Time on Site
17 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 18
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,155
  • Total Rent: $20,793
  • Pro Forma/Market Rent: $26,910
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.21%
  • Gross Rent Multiplier: 11.78
  • Gross Scheduled Income: --
  • Net Operating Income: $192,690
  • Gross Operating Income: $304,596
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1050 S Park View St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 21
  • Parcel Number: 5136015012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1050 S Park View St, Los Angeles, CA 90006
View more facts & features

Local Los Angeles Agent

Sale History for 1050 S Park View St

Last sold for $575,000 on March 29th, 2000

  • April, 2024

  • Apr 15, 2024

    Date

    Active

    CRMLS: 24380519

    $3,700,000

    Price

  • March, 2000

  • Mar 29, 2000

    Date

    Sold (Public Records)

    Public Records

    $575,000

    Price

  • March, 2000

  • Mar 6, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1050 S Park View St

Assessed Value (2020): $810,177
Year Land Value Improved Value Assessed Value
2020 $583,225 $226,952 $810,177

Home Value Compared to the Market

This property vs the competition

1050 S Park View St is listed 202.04% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $337.96 per/sqft which puts the price per square foot 56.34% lower than the median price per square foot for the city of Los Angeles.

About 1050 S Park View St

Detailed summary of property

1050 S Park View St is a multi family located in Los Angeles, CA 90006 and is currently for sale. This multi family property offers -- bedrooms, 20 bathrooms, roughly 10,948 living square feet, and sits on an approximately 6,289 square foot lot. 1050 S Park View St was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $3,700,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 202.04% higher than the median priced home. Local competing homes currently for sale include 1256 W Adams Blvd, 2730 Council St and 2176 S Venice Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1050 S Park View St has a days on market of 17 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1050 S Park View St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1050 S Park View St

Public county record property details
Beds
12
Baths
12
Year built
1923
Sq. Ft.
10,948
Lot Size
6,287
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
5136-015-012

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$606
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
32
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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