$1,200,000

945 S. Park View is a six (6) unit building in the Westlake/Koreatown submarket. LAR4 + TOC Tier 3 Zoning. Under $150/SF!! The property has been in the same family for 40+ years, is professionally managed, and passed SCEP in 2022. The corner lot is 6,786 SF and zoned LAR4 + TOC Tier 3 and is comprised of three attached duplexes - each very spacious at 2 bedrooms each and average 1,298 SF each. All units operate as 3 bedroom apartments because the formal dining room has a doorway and closets inside. There are laundry rooms, very large kitchens and back doors for all units. Upper units have balconies. All units are separately metered for gas, electric, and units have individual hot water heaters. Long-term tenants are current on rent and paid in full over the past few years. There is no parking, only street parking. This is an excellent opportunity for an investor seeking a "value add" opportunity and a covered land play. With numerous upcoming new developments slated for the area, this property is poised to be an excellent long-term play as units turn and the area continues to improve. Great location near Hoover and Olympic, the Northgate Market, MacArthur Park, and Crypto Arena. Appx 2 miles to USC and DTLA. Appx. 1/2 mile to Mac Arthur Park Metro Purple Line Station.