512 S Park View St Los Angeles, CA 90057

$--

8 Beds
-- Baths
22,120 Sq.Ft.

Off Market

Map preview of 512 S Park View St, Los Angeles, CA 90057

Property Overview: 512 S Park View St Los Angeles, CA has 8 bedrooms, -- bathrooms, 22,120 living square feet and 7,485 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

512 S Park View St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 512 S Park View St

Last sold on May 5th, 2011

May, 2023
May 1, 2023

Date

Expired

CRMLS: 23237297

$6,250,000

Price
Jan 26, 2023

Date

Active

CRMLS: 23237297

$6,250,000

Price
Listing provided courtesy of CRMLS

512 S Park View St, a 39-unit apartment building in the Westlake neighborhood of Los Angeles located between W 3rd St & W 6th St, walking distance to MacArthur Park The property features a unit mix made up of 31 singles and eight one-bedrooms; three units (two singles and one one-bedroom) will be delivered vacant at the close of escrow At the asking price, the property is being offered at a low $283 PSF, 5.00% CAP rate and 11.33 GRM on current income with an additional 22% rental upside achievable as units turn The building has a gated, secure entrance with an intercom system, there is also community laundry High Walk Score of 92, residents benefit from multiple metro bus line stops along 6th Ave and just one mile from the metro rail lines Central location that is beneficial for residents that commute throughout the city with close proximity to Downtown Los Angeles, Koreatown, Echo Park, and Silver Lake, walking distance to retail along S Alvarado St as well as the St. Vincent Medical Center Ideal rental market that continues to grow, illustrated through the plentiful new developments currently under construction in the area such as 1800 W Beverly Blvd (243 units), Inspire Echo Park (90 units), and 1999 W 3rd St (137 units)

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May, 2011
May 5, 2011

Date

Sold (Public Records)

Public Records

--

Price
May, 2005
May 12, 2005

Date

Sold (Public Records)

Public Records

$2,535,000

Price

Tax History for 512 S Park View St

Assessed Value (2020): $3,249,500

Year	Land Value	Improved Value	Assessed Value
2020	$1,147,100	$2,102,400	$3,249,500

About 512 S Park View St

Detailed summary of property

512 S Park View St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90057 and is currently off market. This property has 8 bedrooms, -- bathrooms, roughly 22,120 living square feet, and sits on an approximately 7,485 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Local nearby listings include 117 Rosemont Ave, 2121 James M Wood Blvd #404 and 222 N Coronado St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 512 S Park View St Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 512 S Park View St

Public county record property details

Beds: 8
Baths: --
Year built: 1928
Sq. Ft.: 22,120
Lot Size: 7,485
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 30
APN: 5154-037-031

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$575,000

Median List Price/Sq.Ft.

$538

Median Sold Price

$900,000

Median Sold Price/Sq.Ft.

$515

Total Inventory

Median Sale to List Price %

90.91%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (100%), Other (0%)

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