263 S Park View Street, Los Angeles, California 90057, Los Angeles, 90057 - bed, bath
ACTIVE$1,150,000
263 S Park View Street, Los Angeles, California 90057
0Bed
0Bath
3,740Sqft
5,244Lot
Year Built
1964
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$307
HOA
-
Days on market
-
Sold On
-
MLS number
PW25022231
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros.
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.
Nearby schools
/10
Lake Street Primary School
Public,•K-1•0.3mi
/10
Lafayette Park Primary Center
Public,•K•0.3mi
3/10
Charles White Elementary School
Public,•1-5•0.5mi
5/10
Union Avenue Elementary School
Public,•K-5•0.5mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.5mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.6mi
2/10
Esperanza Elementary School
Public,•K-5•0.8mi
8/10
Hoover Street Elementary School
Public,•K-5•0.8mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.9mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.9mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.9mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.1mi
2/10
Tenth Street Elementary School
Public,•K-5•1.2mi
3/10
Leo Politi Elementary School
Public,•K-5•1.2mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.4mi
6/10
Castelar Street Elementary School
Public,•K-5•2.0mi
3/10
Sal Castro Middle School
Public,•6-8•0.8mi
3/10
John H. Liechty Middle School
Public,•6-8•0.8mi
5/10
Virgil Middle School
Public,•6-8•1.1mi
3/10
Berendo Middle School
Public,•6-8•1.5mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.1mi
3/10
Belmont Senior High School
Public,•9-12•0.8mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
8/10
John Marshall Senior High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
05/21/10
Sold
$505,000
04/22/05
Sold
$590,000
Condition Rating
Poor
The property was built in 1964, making it 60 years old. The MLS listing provides no interior images and explicitly states a 'lack of unit condition details,' suggesting outdated finishes and deferred maintenance. The property analysis further warns of 'significant capital expenditures for updates to major systems.' Without any evidence of recent renovations, it is highly probable that the kitchens, bathrooms, appliances, and other interior components are significantly outdated, showing considerable wear and tear, and require substantial repairs and rehabilitation to meet current quality standards. Major systems are likely at or beyond their expected lifespan.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in a 'prime location of Los Angeles' within the 'C42 - Downtown L.A.' area, indicating high demand, strong rental market, and potential for long-term appreciation.
Strong Investment Performance: Advertised as a 'high-yield property' with an attractive 5.5% CAP rate, positioning it as an excellent opportunity for investors seeking robust returns.
Immediate Income & Full Occupancy: Boasts '100% occupancy' and is 'fully leased,' ensuring immediate and consistent income generation for the new owner without initial vacancy concerns.
Diversified Income Streams: A quadruplex with varied unit configurations (3-bed, 2-bed, two 1-bed units) plus additional passive income from 9 carport parking spaces and a coin-operated laundry facility.
Established Rental Market: The property's full occupancy in a sought-after area suggests a stable tenant base and consistent demand for rental units, minimizing future vacancy risks.
Cons
Age of Property: Built in 1964, the property is over 60 years old, which may necessitate significant capital expenditures for updates to major systems (plumbing, electrical, roof) and general modernization in the near future.
Lack of Unit Condition Details: The description focuses on investment metrics but provides no details on the interior condition or recent renovations of the individual units, implying potential for outdated finishes or deferred maintenance.
No Scenic Views: Explicitly stated as having 'view: None,' which means the property does not offer any added value or premium from scenic or desirable outlooks.