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$ 1,099,999

Est. payment | -/mo

8,001 Sqft Lot

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$ 1,099,999

Est. payment | -/mo

Save Virtual Tour

8,001 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26207024

Construction Status Turnkey

HOA Y/N No

Year Built 1925

Lot Size 8,001 Sqft

Property Sub-Type Duplex

Property Description

RENOVATED VACANT DUPLEX WITH INCOME POTENTIAL AND RTI DEVELOPMENT OPPORTUNITY! Situated on an approximately 8,000 sq. ft. gated lot, this property offers investors two distinct opportunities: establish rental income from an extensively renovated duplex or explore a larger residential development utilizing the included Ready-to-Issue (RTI) plans. The existing duplex offers approximately 1,435 sq. ft. of combined living space, consisting of two 2-bedroom, 1-bath residences of approximately 700 sq. ft. each, with essentially identical reverse floor plans. BOTH UNITS ARE VACANT, providing the opportunity to establish new tenancies without assuming existing leases. With no existing rental agreements or inherited rental rates, an investor has the flexibility to evaluate current market rents, establish a leasing strategy, and determine how best to position each residence for future occupancy. Open living and dining areas feature SPC flooring, recessed lighting, matte-black hardware, and wall-mounted heating and air conditioning. Updated kitchens include 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, an updated full bathroom with quartz countertop and glass-enclosed tub/shower, hallway storage, and an in-unit laundry closet with stackable washer and dryer. Gated entry provides ON-SITE PARKING FOR TWO VEHICLES, with a separate pedestrian gate for additional access. Each residence has its own electrical meter, while both share a water meter. Outdoor areas include a shared backyard and individual side-yard spaces. The property's elevated setting also offers views of the HOLLYWOOD SIGN and GRIFFITH OBSERVATORY. For development-focused investors, the property includes RTI plans for TWO THREE-STORY DUPLEX BUILDINGS comprising FOUR PROPOSED 4-BEDROOM, 4-BATH RESIDENCES, with EIGHT PLANNED PARKING SPACES. Two distinct investment strategies, one property: a renovated duplex offering rental income potential today and a separate opportunity for future residential development.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Interior Features Ceiling Fan(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished

Heating Combination

Cooling Wall/Window Unit(s)

Flooring See Remarks, Tile

Fireplaces Type None

Inclusions Stackable washer/dryer, electric range, microwave, dishwasher, refrigerator

Fireplace No

Appliance Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer

Laundry Laundry Closet, Stacked

Exterior

Exterior Feature Lighting

Parking Features Controlled Entrance, Concrete, No Driveway, Side By Side, Tandem, Uncovered

Fence Chain Link, Wood

Pool None

Community Features Sidewalks

View Y/N Yes

View Hills, Landmark, Mountain(s), Neighborhood

Roof Type Flat

Accessibility No Stairs

Private Pool No

Building

Lot Description Sloped Up

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5157012009

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.hshprodmls2.com/216nparkviewst

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Listed by Jim Sandoval Park Regency Realty jsandoval@parkregency.com, DRE #01726729

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216 - 218 N Park View ST Los Angeles, CA 90026

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Key Details

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Interior

Exterior

Building

Others

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216 - 218 N Park View ST