$1,150,000

263 S Park View St Los Angeles, CA 90057

Westlake Neighborhood

Estimated payment $7,575/month

Total Views 3,507
7 Beds
6 Baths
3,740 Sq Ft
$307 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

Great location ! Introducing an excellent investment opportunity in a prime location of Los Angeles! This high-yield property boasts a CAP rate of 5.5% and consists of four units:1 Unit- 3 bedrooms, 2 bathrooms, 1 unit: 2 bedrooms, 2 bathrooms, 2 units: 1 bedroom, 1 bathroom each. Additionally, the property includes a total of 9 carport parking spaces and a coin-operated laundry facility, generating extra passive income. With 100% occupancy, this is a rare opportunity to invest in a fully leased, income-generating property in a sought-after area. Don't miss out on this exceptional investment! Contact us today for more details.

Last Listed By

Peter Lee

Coldwell Banker Best Realty Brokerage Phone: 2138208005 License #02025291 Listed on: 01/30/2025

Coldwell Banker Best Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,244 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Slate Roof
  • Stucco

Interior Spaces

  • 3,740 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 9 Parking Spaces
  • Carport
  • Parking Available

Utilities

  • Wall Furnace
  • Standard Electricity
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 70
  • Tax Tract Number 208
  • Assessor Parcel Number 5154015014
  • $550 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $9,600
  • Insurance Expense $1,800
  • Other Expense $13,800
  • Operating Expense $25,200
  • Net Operating Income $63,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.55
  • Price Per Unit: 287500
  • Property Attached: No
  • View: No
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5154015014
  • Year Built: 1964
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 307.49

Exterior Features

  • Pool Private: No
  • Roof: Slate
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5244.00
  • Lot Size Acres: 0.1204

Multi Family

  • Electric Expense: 9600.00
  • Gross Scheduled Income: 89000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5244.0000 Square Feet
  • Net Operating Income: 63800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 25200.00
  • Other Expense: 13800.00
  • Other Expense Description: Property
  • Rent Control: Yes
  • Total Actual Rent: 87511.00
  • Total Expenses: 25200.00

Tax Info

  • Tax Census Tract: 2085.02
  • Tax Lot: 70
  • Tax Tract Number: 208...
  • TaxOtherAnnualAssessmentAmount: 550.45

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 For Sale $1,150,000 -- $307 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25022231

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90057 Westlake

263 S Park View St, Los Angeles, CA

This home is located at 263 S Park View St, Los Angeles, CA 90057 and is currently priced at $1,150,000, approximately $307 per square foot. This property was built in 1964. 263 S Park View St is a home located in Los Angeles County with nearby schools including Rosemont Avenue Elementary School, Sal Castro Middle School, and Belmont High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Peter Lee
Section Image
Coldwell Banker Best Realty
(714) 994-3377