2 months on rocket

241 N Park View St, Los Angeles, CA, 90026

$1,195,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Baths
2,592 SqFt
$461/SqFt
House

Location

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241 N Park View St, Los Angeles$1,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1911
HeatingWall Furnace
CoolingNone
MLS #24451563
Lot Size0.17 Acres
StatusActive

About 241 N Park View St

We are pleased to present 241 N Park View St, a rare FULLY VACANT triplex in the Historic Filipinotown submarket of Los Angeles, just south of the 101 freeway and Echo Park. Built in 1911, 241 N Park View St consists of two separate structures totaling 2,592 rentable square feet that is situated on 7,442 square feet of LARD1.5 zoned land with a Tier 2 TOC density bonus. The unit mix consists of 1 two-bedroom unit located in the rear house and 2 one-bedroom units located in the front duplex which offers a driveway for onsite tandem parking. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property and provides flexibility for determining unit rehab finishes and new tenant selection to ultimately stabilize the property at market rents, making this an excellent investment for any type of investor. As a market rate development site, the Seller has preliminary plans that have been submitted to LADBS for a 7-unit market-rate development. Numerous reports are available for Buyer's review, including survey, soils reports, etc. As an ED1 development project, there's potential to build up to 35- 40 units for 100% affordable housing. By utilizing the ED1 legislation, there is an expedited approval process.

Property Details

Property Features

Property Information:

  • Year Built: 1911
  • Stories: 1
  • Living Area: 2,592 SqFt

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Google Maps: 241 N Park View St, Los Angeles, CA 90026

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,195,000
  • Price Per SqFt: $461/SqFt

Tax Information:

  • Annual Amount: $5,952
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

241 N Park View St vs Los Angeles

68 DAYS ON ROCKET

+30 Days

$1,195,000

+$173.4K More

$461/SqFt

-$179 Less

KEY TAKEAWAY

This property is $173.4K more than the Median Sold Price and $179/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24451563

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

IDX 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: 12/18/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 17, 1997Home Sold
$195,000
May 22, 1997Home Sold
$108,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,952$464,152
2020$5,782$459,394
2019$5,637$450,388
2018$5,521$441,558
2017$5,521$432,901

History based on county public records data.

Payment Calculator

$6,032

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,649

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4547239
4
/10

  • Rosemont Avenue Elementary

  • 421 Rosemont Ave

  • 0.17 miles

  • Public District Grades 2-5

school-card-donut-4547240
4
/10

  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.59 miles

  • Public District Grades PK-5

school-card-donut-4547241
6
/10

  • Commonwealth Avenue Elementary School

  • 215 S Commonwealth Ave

  • 0.77 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,505. 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 post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 241 N Park View St

What is the listing price of this property?

The listing price of 241 N Park View St property is $1,195,000.

What type of property is this?

The property 241 N Park View St is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 241 N Park View St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,952 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 17, 1997 for $195,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 241 N Park View St has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 241 N Park View St is 2,592 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 241 N Park View St is 1911.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›241 N Park View St

This home is located at 241 N Park View St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 2,592 square foot home, which was built in 1911, sits on a 0.17 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $1,195,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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