#25477465, Neema Ahadian, Listing Office: Marcus & Millichap
$10,000
closing credit¹
944 S Park View St Los Angeles, CA 90006
$1,650,000 List price
$10,000
Closing credit¹
14 beds
10 baths
10,598 sqft
0.2 acres
$156 / sqft
House
Property details
About 944 S Park View St
PRIVATE PROPERTY. DO NOT DISTURB TENANTS. Tours by appointment only. Contact James Keady at 310 550 2615 or james.keady@cbre.com for more information. CBRE is excited to present a unique investment opportunity to acquire a 10-unit multifamily property at 944 South Park View Street in the vibrant MacArthur Park neighborhood of Los Angeles. This historic building, constructed in 1909, offers a total living space of 10,598 SF on a 6,801 SF lot, and is situated in a historic neighborhood with excellent views of the Downtown Los Angeles skyline. PRIME INVESTMENT OPPORTUNITY: This property stands out with its THREE VACANT UNITS, presenting an exceptional chance for investors to acquire a value-add asset at an excellent cost basis. The vacancies include: One rent-ready one-bedroom unit: Ready for immediate leasing at current market rates. Two two-bedroom units: Vacant and in need of renovation, offering the perfect opportunity for investors to customize interiors to their liking and attract tenants of their choosing. Additionally, there is still 44% RENTAL UPSIDE available to a new owner as tenants turnover, even with the three vacancies leased at market rents. With a strong scheduled CAP rate of 6.13% and a very attractive pro-forma CAP rate of 10.29%, positive leverage may be available to qualified borrowers, making this an ideal investment for those looking to maximize returns. PROPERTY HIGHLIGHTS: Location: Just outside Downtown Los Angeles, providing easy access to major employment centers and lifestyle attractions. Accessibility: Close to freeways I-10, I-110, and I-101, connecting residents to Century City, Culver City, West Los Angeles, Hollywood, the San Fernando Valley, and the South Bay. Unit Mix: Four spacious two-bedroom, one-bathroom units and six spacious one-bedroom, one-bathroom units, offering versatility for potential tenants. Interior Features: Excellent interior lighting, large kitchens, dining rooms, bedrooms, and living rooms. Investment Potential: New apartment construction nearby indicates strong future prospects for local real estate investments. The property presents value-add opportunities through renovation, with three vacant units ready for immediate leasing at current market rates.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Size10,598 sqft
Lot size0.1561 Acres
Year built1909
MLS #25490129
ViewCity Lights
Summary
- MLS Number: 25490129
- MLS Name: CRMLS
- Office Name: CB Richard Ellis, Inc.
- Listing Agent: James Keady
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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$1,650,000
944 S Park View St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $241,982 | $4,417 |
| 2023 | $237,249 | $4,363 |
| 2022 | $232,608 | $4,218 |
| 2021 | $228,058 | $4,104 |
| 2020 | $225,186 | $4,012 |
| 2019 | $220,771 | $3,878 |
| 2018 | $216,443 | $3,776 |
| 2017 | $212,200 | $3,776 |
History based on county public records data.
Nearby schools
7
Hoover Street Elementary
Public District KG-5
0.3 mi
•2726 Francis Ave
2
Politi Elementary School
Public District KG-5
0.3 mi
•2481 W 11th St
4
MacArthur Park Elementary School
Public District KG-5
0.3 mi
•2300 W 7th 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 $37,216. The most common annual income of people living in Los Angeles, CA is less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
48%
<35k
48%
35k-100k
4%
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?
43%
Single, No Kids
17%
Single, with Kids
15%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
32%
18-34 yrs old
37%
35-64 yrs old
6%
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
Ross Dress For Less
Foot Locker
Where do the neighbors go to eat?
Boston Market
Jack In The Box
Popeyes
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 944 S Park View St
This home is located at 944 S Park View St in Los Angeles, CA and zip code 90006 in the Central LA neighborhood. This 10,598 square foot home, which was built in 1909, sits on a 0.16 acre lot. Features: 14 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since January 28, 2025 and is currently priced at $1,650,000.
Over 524 listings were sold over their listed price in December 2024 in Los Angeles, CA. In the same period over 740 listings were sold below the listed price and 203 listings were sold for the listed price. In December 2024 in Los Angeles, CA there were 5.3% less homes for sale than in November. Listings spent 41 days on the market in December 2024, and had a median list price of $1,026,634 during the same period.
From Rocket Homes Real Estate and based on county public records data.