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$ 1,300,000
Est. payment /mo
Active
826 S Park View ST Los Angeles, CA 90057
9 Beds
8 Baths
4,600 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $282
MLS Listing ID 26844241
Bedrooms 9
HOA Y/N No
Lot Size 7,487 Sqft
Property Description
Rare Opportunity !!! | Fully Renovated high income Unit | Separate Utility Meters | Pro Forma $9,600+/Month. It is very rare opportunity to acquire a high-performing income property in one of Los Angeles' strongest rental markets. Ideally located near Koreatown, Downtown Los Angeles, and Westlake, 826 S Park View St offers investors a compelling combination of immediate cash flow, recent renovations, and long-term appreciation potential. The property features an attractive unit mix consisting of: Two (2) spacious 2-Bedroom / 2-Bathroom units on the first floor. One (1) extensively renovated 4-Bedroom / 3-Bathroom unit on the second floor featuring brand-new flooring, fresh interior and exterior paint, updated finishes, and a modernized living environment designed to attract quality tenants. Additional attic area currently configured with bonus rooms and a bathroom, providing additional functional space and flexibility. One of the property's most valuable investment features is that each unit has its own separate gas and electric meter, allowing tenants to pay their own utilities and helping reduce landlord operating expenses while maximizing net income. This is not a heavy value-add project requiring substantial renovation costs. Major improvements have already been completed, allowing investors to focus on income generation from day one. With a Pro Forma Gross Rental Income of approximately $9,600+ per month, the property offers strong cash-flow potential in an area where rental demand continues to outpace supply. Situated just minutes from Koreatown, Downtown LA, Metro stations, major employment centers, restaurants, shopping, and entertainment, the property benefits from a consistently strong tenant pool and historically low vacancy rates. Whether you are a first-time investor, a 1031 exchange buyer, or an experienced multifamily operator seeking stable income and future appreciation, this property checks all the boxes.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating Wall Furnace
Flooring Laminate, Wood
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Door-Single, Garage, One Space
Total Parking Spaces 8
Building
Story 3
Entry Level Multi/Split
Architectural Style See Remarks
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5141023015
Special Listing Condition Standard
Listed by Jonghyeok Choi Jonghyeok Choi #02011547