#BB24234741, Elizabeth Maddox, Listing Office: Myunits.com Inc.
#SR25003697·
Listing Office: Royal Estate Properties·
Listing Agent: Aristide Buhoiu·
Listing Office Phone: 818-445-4663
518 S Park View St Los Angeles, CA 90057
$3,100,000 List price
0.2 acres
Multi-Family
Property details
About 518 S Park View St
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 OPPORTUNITY 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.
Highlights
Home typeQuadruplex
StatusActive
Lot size0.1742 Acres
Year builtNew Const., 2025
MLS #SR25003697
Garage27 spaces
Summary
- MLS Number: SR25003697
- MLS Name: CRMLS
- Office Name: Royal Estate Properties
- Office Phone: (818) 445-4663
- Listing Agent: Aristide Buhoiu
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 7:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,100,000
518 S Park View St
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 12, 2019 | Home Sold | $1,350,000 |
| Mar 05, 1999 | Home Sold | $194,000 |
| Sep 15, 1997 | Home Sold | $66,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,476,419 | $18,355 |
| 2023 | $1,447,471 | $18,007 |
| 2022 | $1,419,090 | $17,183 |
| 2021 | $1,391,265 | $16,962 |
| 2020 | $1,377,000 | $11,565 |
| 2019 | $382,989 | $4,861 |
| 2018 | $375,480 | $4,763 |
| 2017 | $368,118 | $4,763 |
History based on county public records data.
Nearby schools
6
Charles White Elementary
Public District 1-5
0.2 mi
•2401 Wilshire Blvd
4
MacArthur Park Elementary School
Public District KG-5
0.4 mi
•2300 W 7th St
5
Esperanza Elementary
Public District KG-5
0.6 mi
•680 Little St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,361. The majority of Los Angeles, CA residents have income less than $<35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
78%
<35k
21%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
16%
Single, with Kids
8%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
42%
18-34 yrs old
30%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 518 S Park View St in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 8, 2025 and is currently priced at $3,100,000.
Los Angeles, CA housing market in December 2024 saw over 524 listings sold above listed price, more than 203 sold at listed price and over 740 sold below. The inventory of homes for sale in Los Angeles, CA between November and December 2024 decreased by 5.3%. The median list price of listings available in December 2024 was $1,026,634, while the average time on the real estate market was 41 days.
From Rocket Homes Real Estate and based on county public records data.