518 S Park View Street

Los Angeles, CA 90057

  • 0 Bed(s)
  • 0 Bath(s)
  • 23,535 Sqft
  • 7589
    Sqft(Lot)
$3,100,000

Description

Incredible development opportunity to build!!! this property will be delivered with rti approved plans to build a new 30 unit apartment building on 6 stories and basement. the existing four-plex holds month to month tenants and the property can be vacated in approx. 3 months. situated in the opportunity zone, this property is perfectly located in the thriving revitalized area of macarthur park/westlake, just blocks away from korea town and downtown, where currently there are a number of new apartment developments just completed. this property, sits on an expansive, r4 zoned lot and it's also located in trans oriented community (toc) tier 3 area which allows the development of a brand new 30 units apartment building, 6 stories and 1 basement with a roof top using the 70% bonus density. only 3 affordable units are required of the 30 proposed units. motivated seller! all information described here, is for the future construction development and not for the current 4plex.

  • Property Type

    Residential Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    48273108

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer
  • Building Information

    • Year Built: 2025
    • Building Area Total: 23,535

    Pool Features

    • None

    Laundry Features

    • Common Area
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1742
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7589
  • Listing Price Information

    • Original List Price: 3,100,000
    • Listing Contract Date: 2025-01-08

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 5154037030
  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Cable TV,Electricity,Gas
  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: KREA - Koreatown
    • Postal Code Plus 4: 2763
    • Directions: 6th St to Park View and Head North
    • Zoning: LAR4
    • Source Property Type: Residential Income
    • Area: KREA - Koreatown
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 0
    • Common Walls: No Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
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BuyOwner last updated this listing 01/26/2025 @ 02:44

  • MLS: SR25003697
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 23,535 sqft, 7,589 sized lot, and 27 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90057, this Los Angeles County Home are nearby neighborhoods.