945 S Park View St Los Angeles, CA 90006

$--

6 Beds
6 Baths
7,790 Sq.Ft.

Off Market

Map preview of 945 S Park View St, Los Angeles, CA 90006

Property Overview: 945 S Park View St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 7,790 living square feet and 6,786 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

945 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 945 S Park View St

View property's historical transactions

January, 2024
Jan 16, 2024

Date

Expired

CRMLS: 23304023

$1,200,000

Price
Sep 29, 2023

Date

Active

CRMLS: 23304023

$1,200,000

Price
Listing provided courtesy of CRMLS

945 S. Park View is a six (6) unit building in the Westlake/Koreatown submarket. LAR4 + TOC Tier 3 Zoning. Under $150/SF!! The property has been in the same family for 40+ years, is professionally managed, and passed SCEP in 2022. The corner lot is 6,786 SF and zoned LAR4 + TOC Tier 3 and is comprised of three attached duplexes - each very spacious at 2 bedrooms each and average 1,298 SF each. All units operate as 3 bedroom apartments because the formal dining room has a doorway and closets inside. There are laundry rooms, very large kitchens and back doors for all units. Upper units have balconies. All units are separately metered for gas, electric, and units have individual hot water heaters. Long-term tenants are current on rent and paid in full over the past few years. There is no parking, only street parking. This is an excellent opportunity for an investor seeking a "value add" opportunity and a covered land play. With numerous upcoming new developments slated for the area, this property is poised to be an excellent long-term play as units turn and the area continues to improve. Great location near Hoover and Olympic, the Northgate Market, MacArthur Park, and Crypto Arena. Appx 2 miles to USC and DTLA. Appx. 1/2 mile to Mac Arthur Park Metro Purple Line Station.

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July, 2022
Jul 19, 2022

Date

Expired

CRMLS: 22143285

$1,450,000

Price
Apr 4, 2022

Date

Active

CRMLS: 22143285

$1,450,000

Price
Listing provided courtesy of CRMLS

ONLY $186/SF!!! 945 S. Park View St is a 6 unit building in the Pico Union submarket near the Convention Center and Crypto Arena. This corner lot is zoned LAR4 +TOC Tier 3 and currently consists of 6 HUGE units built in 1903. This is an excellent "value-add" opportunity and covered land play in an improving location bordering Koreatown. 62% UPSIDE IN RENTS! 94 Walk Score. All units are extremely spacious and average 1,298 SF. They are legal 1br's, mostly being used as 3 Br's (living and formal dining rooms have closets). Each unit is separately metered for gas and electric, and units have large kitchens, individual hot water heaters, laundry rooms, and upper units have small dens and balconies. The property is ideal for an investor seeking a "value-add" opportunity. Numerous upcoming new developments slated for the area, this property is poised to be an excellent long-term play as units turn and the area continues to improve. *Must Be Sold Together with 924 & 930 Grand View* Contact listing agent for a full marketing package.

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Tax History for 945 S Park View St

Assessed Value (2020): $400,573

Year	Land Value	Improved Value	Assessed Value
2020	$216,677	$183,896	$400,573

About 945 S Park View St

Detailed summary of property

945 S Park View St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90006 and is currently off market. This property has 6 bedrooms, 6 bathrooms, roughly 7,790 living square feet, and sits on an approximately 6,786 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 435 S La Fayette Park Pl #316, 917 S New Hampshire Ave #308 and 440 S Occidental Blvd #202. 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 945 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 945 S Park View St

Public county record property details

Beds: 6
Baths: 6
Year built: 1903
Sq. Ft.: 7,790
Lot Size: 6,786
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 12
APN: 5136-002-012

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.

$598

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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