Los Angeles, CA 90006 1050 S Park View Street
$3,500,000
29 more
Presented By: Randy A. Wright with Christie's International Real Estate SoCal;
- MLS# 25520527
- 04/03/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 20
Baths • 20
SQFT • 10,948
Home Details
Beautiful, Prideful and very well maintained & remodeled rental property with 21 creative Studio units in very close proximity to many shops and restaurants in the rapidly changing Pico Union area just West of Downtown LA! Nearly all units have been beautifully remodeled and the entire building is light, bright with a creative energy about it. 3 units will be delivered VACANT at close of escrow. New carpeting being installed in all hallways and also has newer roof. This area has been increasingly sought after by tenants for close proximity to Korea Town, Downtown LA and mass transit. Seller financing is a possibility. This is a great investment building with BIG upside potential and returns! Market rents for each of the 3 vacant residential units is $1,900 Max. Building Unit Breakdown: 18 Residential and 3 Commercial Retail (ALL REGULAR LEASES - NO Triple Net Leases!).
Presented By: Randy A. Wright with Christie's International Real Estate SoCal;
Interior Features for 1050 S Park View Street
Bedrooms
Total Bedrooms20
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths20
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Interior AmenitiesHighCeilings
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesBlinds
General for 1050 S Park View Street
Additional Parcels Y/NNo
AppliancesGasOven, Refrigerator
Architectural StyleSpanish
Attached Garage No
Cap Rate5.5
Carport Y/NNo
CityLos Angeles
Construction MaterialsBrick
CoolingWallWindowUnits
CountyLos Angeles
DirectionsTake Olympic Blvd and turn south onto Park View. Located at corner 11th St and Park View!
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Full Baths
Garage Y/NNo
Gross Income317916.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash
Lot Size Square Feet6289.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income207260.0
New ConstructionNo
Number Of Units Total21
Occupancy TypeTenant
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerOther
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysCableTv, Electricity, Gas
ViewCityLights
Waterfront Y/NNo
Year Built1923
ZoningLAC2
Exterior for 1050 S Park View Street
Building Area Total10948.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1444
Lot Size Area6289.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
Hal Schlegel
Broker Associate