Active
518 S Park View Street
Los Angeles CA, 90057
$3,100,000
$131.72 per sqft
Active
23,535 sqft
Multi-family
Built in 2025
Listed by Aristide Buhoiu with Royal Estate Properties 818-445-4663
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.
SR25003697
MLSⓇ ID
January 8, 2025
Listed
January 19, 2025
Updated
Map
518 S Park View Street
Los Angeles CA, 90057
Interior Features
Total Stories
6
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Lot Features
Near Public Transit
Sewer
Public Sewer
Other Property Details
Area Name
KREA - Koreatown
Days on Market
5
Garage
Yes
Garage Spaces
27
Parking Total
27
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR4
Listing Contact: 818-445-4663
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Data last updated on 1/19/2025 at 12:25 PM UTC