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ZIP CODE 90057

3 Beds 2 Baths ACTIVE Status
Now presenting, 257 S Park View St, a ready-to-issue (RTI) development opportunity on a quiet residential street primely located in Westlake, a burgeoning neighborhood nestled between some of LA's liveliest hubs. Tucked right in the center of Downtown LA, Koreatown, Echo Park, and Silverlake, this future development is guaranteed to quickly yield happy renters. The 6,765 SF lot is zoned LAR3 permitting a building height of up to 39 FT plus SB8 clearance is on hand confirming that no low-income replacement units are required, further demonstrating the major upside on the property. The RTI plans call for the demolition of the existing structure to build four townhomes with rooftop decks and one ADU for a total of 5 units, 17 bedrooms and 17 bathrooms totalling approx. 8,000 SF of living space. Currently on the lot is a vacant 1,284 SF 3-bedroom, 1.5-bathroom single family home with a detached shed. Additionally, the perimeter of the lot is lined by 15-foot bamboo providing tranquil ambience and built-in privacy. The planned development boasts townhomes with large 3- and 4-bedroom floor plans ranging from 1,500-2,000 SF each coming complete with private rooftop decks and balconies. The smallest unit is the 2-bedroom, 2-bathroom ADU which comes in at 1,000 SF plus a large private backyard which both bedrooms will have direct access to. Westlake is a vibrant community that is home to historic Macarthur Park, Vista Hermosa Natural Park, Los Angeles Surge Hospital (f.k.a. St. Vincent Medical Center), and a plethora of boutiques, cafes, and restaurants. The prime location of this lot coupled with large floor plans that provide ample outdoor space in the heart of LA is an unrivaled combination sure to garner premium tenants. Contact listing agents for plans and permit details. Inquire about this development opportunity today!

257 S Park View St, Los Angeles

Courtesy of , Yohann Bensimon - CA DRE#

5 Beds 5 Baths ACTIVE Status
Welcome to "Lake Street Legacy," a testament to timeless Los Angeles charm. "Where History Meets Opportunity. "Situated in the heart of Los Angeles, Lake Street Legacy at 210 S Lake Street is a unique investment opportunity that blends historical charm with modern convenience. This Storybook Architectural Income Property, built in 1925, offers a monthly income of $6,090 against expenses of $1,456.The property comprises five units, each offering a cozy 1-bedroom, 1-bathroom living space. Minor upgrades have been made to each unit, enhancing the original charm while providing modern comforts. One of the unique features of this property is the ample storage available in the basement, a rarity in city living. The basement has also undergone minor retrofitting, adding to the property's value and appeal. Please note that the landlord does not own the appliances. Lake Street Legacy is situated on a 6,249 sq ft lot, with a total living area of 3,328 sq ft. It also boasts five parking spaces, a sought-after amenity in the bustling city of Los Angeles. The property is zoned LAR3, offering potential for future development. Its central location offers easy access to all the city has to offer, including fantastic dining, shopping, and entertainment options. With its strategic location and unique features, Lake Street Legacy is an excellent choice for anyone looking to expand their investment portfolio. Don't miss out on this rare investment opportunity. Experience the blend of historical charm and modern convenience at Lake Street Legacy.

210 S Lake St, Los Angeles

Courtesy of , Servando S Garza - CA DRE#

27 Beds 57 Baths ACTIVE Status
We are pleased to present Nob Hill Towers at 2430 Ocean View Ave Los Angeles, 90057a 7-story, 52-unit, architecturally significant (with Mills Act Potential), classic 1920s building located in the Westlake submarket of Los Angeles just 1 block from MacArthur Park and just over 1 mile to the heart of Downtown Los Angeles. Built in 1929, this unique concrete building is comprised of 2 Small (0+1), 28 (0+1), 13 (1+1), 4 (1+1+den), and 5 (2+2) units that range from approximately 300-2,500 gross square feet. The 52,871 square foot structure is situated on a 13,024 square foot, LAR4-1 zoned lot. The property offers an art deco feel with vintage charm and classic period finishes throughout the lobby, common areas, and units. The building's units feature incredibly spacious layouts with hardwood floors, Neoclassical fireplaces, floor radiator heaters; and most units have sweeping city/mountain views. There are two elevators in the building, onsite laundry (4 washing/6 drying machines), secured garage parking for 20 cars, 8 large storage rooms in a vast basement (3 of which are leased to tenants for additional income), and the building is master metered for electricity, gas, and water. There is a RUBS program in place in which tenants reimburse the landlord monthly for a portion of the utility costs. All tenants have access to the building's unique rooftop patio with views of the city, Santa Monica Mountains, and the Downtown Los Angeles skyline. The property boasts an excellent WalkScore rating of 94 and is one block away from Westlake's MacArthur Park billed as Los Angeles' version of New York's Central Park when it was under construction. Today it has become much more than the green grass and lake that comprise it. The park and the 2.72-mile area surrounding it also called Westlake is one of LA's most historic neighborhoods. Victorian homes and apartment complexes characterize the area, but newer developments are going up quickly. You'll find an eclectic mix of bars and restaurants on the east side of the park. Big-box stores will take care of most of your retail needs, while entertainment lovers will appreciate the Crypto Arena and LA Convention Center residing just across the 110 Freeway. The park is the biggest calling card of the neighborhood, and it has become increasingly well-maintained over the last few years. The building is just six blocks (0.6 miles) away from the Metro Red/Purple Line Westlake/MacArthur Park Station and 0.8 miles away from the Metro Red/Purple Line Wilshire/Vermont stationproviding easy access to Downtown, Hollywood, the Westside and surrounding areas. Downtown LA and the 101/110 freeways are all within 1.5 miles of the property, offering residents effortless access to countless shopping, dining, entertainment, and recreation options of revitalized Downtown Los Angeles, Koreatown, Hollywood, Echo Park, and Silver Lake. The property also presents a tangible value-add opportunity to legalize and lease two existing, non-conforming units. Unit 606 is fully remodeled and currently being used as an office; however, it has the potential to be transformed into a desirable rental unit, generating approximately an additional $1,950 in monthly rent, or $23,400 per year. Unit 110 is currently being used for building storage and will require renovation prior to being rent-ready. Nob Hill Towers is well positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

2430 Ocean View Ave, Los Angeles

Courtesy of , Matthew R. Kanner - CA DRE#

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