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$ 1,099,999
Est. payment /mo
Price Dropped by $50K
216-- 218 N Park View Street Los Angeles, CA 90026
4 Beds
2 Baths
8,002 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26207024
Bedrooms 4
Lot Size 8,002 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
RENOVATED VACANT DUPLEX WITH INCOME POTENTIAL AND RTI DEVELOPMENT OPPORTUNITY! Situated on an approximately 8,000 sq. ft. gated lot, this property offers investors two distinct opportunities: establish rental income from an extensively renovated duplex or explore a larger residential development utilizing the included Ready-to-Issue (RTI) plans. The existing duplex offers approximately 1,435 sq. ft. of combined living space, consisting of two 2-bedroom, 1-bath residences of approximately 700 sq. ft. each, with essentially identical reverse floor plans. BOTH UNITS ARE VACANT, providing the opportunity to establish new tenancies without assuming existing leases. With no existing rental agreements or inherited rental rates, an investor has the flexibility to evaluate current market rents, establish a leasing strategy, and determine how best to position each residence for future occupancy. Open living and dining areas feature SPC flooring, recessed lighting, matte-black hardware, and wall-mounted heating and air conditioning. Updated kitchens include quartz countertops, white soft-close cabinetry, subway tile backsplashes, stainless steel appliances, undermount sinks, and pull-down faucets. Each residence includes two bedrooms with mirrored closets and lighted ceiling fans, an updated full bathroom with quartz countertop and glass-enclosed tub/shower, hallway storage, and an in-unit laundry closet with stackable washer and dryer. Gated entry provides ON-SITE PARKING FOR TWO VEHICLES, with a separate pedestrian gate for additional access. Each residence has its own electrical me
Location
State CA
County Los Angeles
Zoning Assessor
Direction W Temple Street, south on N Park View Street
Interior
Heating Combination Heating
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5157012009
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jim Sandoval, DRE#01726729 Park Regency Realty