1050 Park View StLos Angeles, CA 90006

This exceptional mixed-use property, located at 1050 S Park View St, Los Angeles, CA 90006, presents a compelling investment opportunity. The 10,948 square foot building, constructed in 1923, features a blend of 3 street-level commercial units and 18 residential studios across two stories. Currently operating at 85% occupancy, the property boasts a Net Operating Income (NOI) of $193,940, with a projected NOI of $277,379 after lease-up and potential renovations. The asking price is $3,600,000, translating to $328.83 per square foot and $171,428.57 per unit. The property sits on a 6,287 square foot lot and is zoned C2-2. Three residential units are delivered vacant, offering immediate value-add potential through lease-up and/or renovations. The strategic location in the Pico Union submarket, adjacent to Downtown LA, Koreatown, and major attractions like Crypto.com Arena and USC, ensures strong tenant demand. The seller is open to discussing seller financing options. This property offers a compelling combination of immediate income and significant upside potential, making it an attractive investment for discerning buyers. The property's APN is 5136-015-012. A pro-forma cap rate of 7.70% is projected.