216– 218 N Park View Street
Property Description
RENOVATED DUPLEX WITH INCOME POTENTIAL AND RTI DEVELOPMENT OPPORTUNITY. An attractive opportunity for an investor seeking a turnkey residential income property with the added advantage of future development potential. Situated on an approximately 8,000 sq. ft. gated lot, the existing 1,435 sq. ft. duplex consists of two vacant, extensively renovated 2-bedroom, 1-bath residences ready for occupancy or leasing. Adding another dimension to the investment opportunity, the property includes RTI plans for a larger residential development. The two residences are approximately 700 sq. ft. each and feature essentially identical reverse floor plans. Open living and dining areas are complemented by SPC flooring, recessed lighting, matte-black hardware and wall-mounted heating and air conditioning. Updated kitchens feature quartz countertops, white soft-close cabinetry, subway tile backsplashes, stainless steel appliances, undermount sinks and pull-down faucets. Each residence includes two bedrooms with mirrored closets and lighted ceiling fans, a full bath with ceramic tile flooring, quartz countertop and glass-enclosed tub/shower, hallway storage, and an in-unit laundry closet with stackable washer and dryer. Automatic gated entry opens to on-site parking for two vehicles, with a separate pedestrian gate providing additional access. Each residence has its own electrical meter, while the units share a water meter. Outdoor space includes a shared backyard and individual side-yard areas. The property's elevated setting also provides views of the HOLLYWOOD SIGN and GRIFFITH OBSERVATORY. With both residences vacant, the property offers an investor the opportunity to establish new tenancies while considering the longer-term possibilities presented by the RTI development plans. A renovated income property today with an additional development opportunity for tomorrow, 216 and 218 N. Park View presents a distinctive combination of immediate usability and future potential.
Broker Details
Management Systems, Corporation (818) 363-6116
MLS ID: F207051185 State License Number: 01726729
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,149,999 |
| No. of Units: | 2 |
| Year Built: | 1925 |
| Opportunity Zone: | No |
| Price per unit: | $575,000 |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-MRMLSCA-SR26186198
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