CA > Los Angeles
Los Angeles, CA 90006,944 S Park View St
Los Angeles, CA 90006,944 S Park View St
Los Angeles, CA 90006,944 S Park View St
17
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$1,650,000
Est. payment /mo
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14 BD
10 BA
10,598 SqFt
Active

944 S Park View St Los Angeles, CA 90006

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Jason Tomei

Jason Tomei

+1(702) 802-8142

UPDATED:

02/18/2025 11:24 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,598 sqft

Price per Sqft $155

MLS Listing ID 25-490129

Style Craftsman

Bedrooms 14

Construction Status Fixer

Year Built 1909

Lot Size 6,801 Sqft

Acres 0.1562

Property Sub-Type Multi-Family

Property Description

PRIVATE PROPERTY. DO NOT DISTURB TENANTS. Tours by appointment only. Contact James Keady at 310 550 2615 or [email protected] 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Flooring Carpet, Wood, Wood Under Carpet

Equipment None

Laundry In Unit

Exterior

Parking Features None

View Y/N Yes

View City

Building

Story 2

Architectural Style Craftsman

Level or Stories One

Construction Status Fixer

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB Richard Ellis, Inc.

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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944 S Park View St