244 N Park View St
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244 N Park View St
4 Unit Apartment Building $2,800,000 ($700,000/Unit) 4.56% Cap Rate Los Angeles, CA 90026
Investment Highlights
- 2018 Built Modern Design Fourplex
- Centrally located between Downtown LA, Silver Lake, and Koreatown
- Four spacious 3-bedroom, 3-bathroom units, each with 1,361 sq. ft. of living space
Executive Summary
Kidder Matthews is pleased to present four-unit apartment building at 244 North Park View in Los Angeles, CA. Completed in 2018, this modern building features spacious 3-bedroom, 3-bathroom units, each thoughtfully designed with 1,361 sq. ft. of living space.
Nestled conveniently between Downtown, Silver Lake and Koreatown, residents enjoy easy access to vibrant city life. Whether you're exploring the eclectic dining options, cultural attractions, or bustling nightlife of Downtown LA or indulging in the diverse culinary delights and shops, you'll find everything you need just moments away.
The neighborhood is currently experiencing tremendous growth and gentrification, making it an exciting time to invest in this area. With no rent control, residents have the opportunity to enjoy the benefits of a thriving community while experiencing the potential for property value appreciation.
With contemporary design, ample living space, and a fantastic location, this investment opportunity promises stable income and the pride of ownership in a thriving area.
Nestled conveniently between Downtown, Silver Lake and Koreatown, residents enjoy easy access to vibrant city life. Whether you're exploring the eclectic dining options, cultural attractions, or bustling nightlife of Downtown LA or indulging in the diverse culinary delights and shops, you'll find everything you need just moments away.
The neighborhood is currently experiencing tremendous growth and gentrification, making it an exciting time to invest in this area. With no rent control, residents have the opportunity to enjoy the benefits of a thriving community while experiencing the potential for property value appreciation.
With contemporary design, ample living space, and a fantastic location, this investment opportunity promises stable income and the pride of ownership in a thriving area.
Property Facts
| Price | $2,800,000 | Apartment Style | Low Rise |
| Price Per Unit | $700,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.56% | Building Size | 5,442 SF |
| Gross Rent Multiplier | 15.87 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Price | $2,800,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 15.87 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 5,442 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 1.47/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Tub/Shower
- Views
- Walk-In Closets
- Framed Mirrors
- Patio
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 4 | - | 1,361 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 5157-012-004 | Improvements Assessment | $1,137,389 |
| Land Assessment | $1,706,085 | Total Assessment | $2,843,474 |
PROPERTY TAXES
Parcel Number
5157-012-004
Land Assessment
$1,706,085
Improvements Assessment
$1,137,389
Total Assessment
$2,843,474
zoning
| Zoning Code | LARD2 |
| LARD2 |
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244 N Park View St
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