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!).
Property Details
Price:
$3,500,000
MLS #:
25520527
Status:
Active
Baths:
0
Address:
1050 S Park View Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 3, 2025
State:
CA
ZIP:
90006
Lot Size:
6,289 sqft / 0.14 acres (approx)
Year Built:
1923
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Schools
Interior
Appliances
Refrigerator, Gas Oven
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Carpet
Heating
Wall Furnace
Interior Features
High Ceilings
Window Features
Blinds
Exterior
Parking Features
None
Parking Spots
0.00
Pool Features
None
Sewer
Other
Stories Total
2
View
City Lights
Financial
Tenant Pays
Electricity, Cable T V, Gas
Map
Community
- Address1050 S Park View Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90006
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1050 S Park View Street
Los Angeles, CA
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