$3,100,000
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518 Park View Street Los Angeles, CA 90057
Fourplex
Residence
Beds
Baths
23,535
Sq. Ft.
0.17
Acre
Lot
Property Activity
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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 OPPORTU...NITY 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.
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MLS#
SR25003697
Property Type
Fourplex
Status
Year Built
2025
Square Feet
23,535
sq. ft
Lot Size
0.17
Sewer
Public Sewer
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