1050 S Park View St
21 Unit Apartment Building $3,600,000 ($171,429/Unit) 5.39% Cap Rate Los Angeles, CA 90006
EXECUTIVE SUMMARY
The Park View 21 consists of 3 street level commercial units + 18 residential studios. Delivered with 3 VACANT residential units, the property provides an owner the opportunity to add immediate value through a renovation and lease-up process. Situated on the Northeast corner of Park View St and 11th St, this building is strategically located in the rapidly changing Pico Union submarket adjacent to Downtown LA. This pocket has become increasingly sought after by tenants for its proximity to Downtown LA, Koreatown, and the high-density composition of the neighborhood. Seller is open to discussing Seller financing scenarios. Contact the listing team for additional information.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $3,600,000 |
| Price Per Unit | $171,429 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Gross Rent Multiplier | 11.46 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 10,948 SF |
| No. Stories | 2 |
| Year Built | 1923 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 21 | - | 300 - 1,200 |
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 5136-015-012 | Improvements Assessment | $241,085 (2024) |
| Land Assessment | $625,334 (2024) | Total Assessment | $866,419 (2024) |
ZONING
| Zoning Code | C2-2, Los Angeles |
