216 - 218 N Park View Street,Los Angeles, CA 90026
Los Angeles, CA 90026
Description
RENOVATED DUPLEX (216 & 218) WITH INCOME POTENTIAL AND RTI DEVELOPMENT OPPORTUNITY. An attractive opportunity for an investor seeking a turnkey residential income property with the added advantage of future development potential. Situated on an approximately 8,000 sq. ft. gated lot, the existing 1,435 sq. ft. duplex consists of two vacant, extensively renovated 2-bedroom, 1-bath residences ready for occupancy or leasing. Adding another dimension to the investment opportunity, approved RTI plans call for redevelopment of the site with two three-story duplex buildings totaling four 4-bedroom, 4-bath units and parking for eight vehicles. Alternatively, the existing renovated duplex offers potential for expansion with the addition of another level. The two existing residences are approximately 700 sq. ft. each and feature essentially identical reverse floor plans. Open living and dining areas are complemented by SPC flooring, recessed lighting, matte-black hardware and wall-mounted heating and air conditioning. Updated kitchens feature quartz countertops, white soft-close cabinetry, subway tile backsplashes, stainless steel appliances, undermount sinks and pull-down faucets. Each residence includes two bedrooms with mirrored closets and lighted ceiling fans, a full bath with ceramic tile flooring, quartz countertop and glass-enclosed tub/shower, hallway storage, and an in-unit laundry closet with stackable washer and dryer. Gated entry opens to on-site parking for two vehicles, with a separate pedestrian gate providing additional access. Each residence has its own electrical meter, while the units share a water meter. Outdoor space includes a shared backyard and individual side-yard areas. The property's elevated setting also provides views of the HOLLYWOOD SIGN and GRIFFITH OBSERVATORY. With both residences vacant, the property offers an investor the opportunity to establish new tenancies, explore expansion of the existing duplex, or consider the larger redevelopment opportunity presented by the approved RTI plans. A renovated income property today with multiple possibilities for tomorrow, 216 and 218 N. Park View presents a distinctive combination of immediate usability and future potential.
Details
| MLS # | SR26207024 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 7 |
| Listing Provided By | Park Regency Realty | Jim Sandoval |
Features
| SQ Feet | 1,435 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.18 |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Combination |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished |
| Window Features | Screens |
| Appliances | Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Lighting |
|---|---|
| Roof | Flat |
| Foundation Details | Raised |
| Lot Features | Sloped Up |
| Fencing | Chain Link, Wood |
Parking
| Parking Features | Controlled Entrance, Concrete, No Driveway, Side By Side, Tandem, Uncovered |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90026 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90026) | |
Price: $1,149,999 low | high Med: $1,050,000 sqft: 1,435 low | high Med: 1,183 $ / sqft: $801 low | high Med: $888 On site: 7 low | high Med: 59 | |
Market Activity 90026
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90026 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90026) | |
Price: $1,149,999 low | high Med: $1,050,000 sqft: 1,435 low | high Med: 1,183 $ / sqft: $801 low | high Med: $888 On site: 7 low | high Med: 59 | |
