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TNG Real Estate Consultants

info@tngrealestate.com +1(714) 987-3310

$1,299,995

Est. payment - /mo

8,001 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26186198

Construction Status Turnkey

HOA Y/N No

Year Built 1925

Lot Size 8,001 Sqft

Property Sub-Type Duplex

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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Interior

Interior Features Ceiling Fan(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting, Unfurnished

Heating Combination

Cooling Wall/Window Unit(s)

Flooring See Remarks, Tile

Fireplaces Type None

Inclusions Stackable washer/dryer, electric range, microwave, dishwasher, refrigerator

Fireplace No

Appliance Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Dryer, Washer

Laundry Laundry Closet, Stacked

Exterior

Exterior Feature Lighting

Parking Features Controlled Entrance, Concrete, No Driveway, Side By Side, Tandem, Uncovered

Fence Chain Link, Wood

Pool None

Community Features Sidewalks

View Y/N Yes

View Hills, Landmark, Mountain(s), Neighborhood

Roof Type Flat

Accessibility No Stairs

Total Parking Spaces 2

Private Pool No

Building

Lot Description Sprinkler System, Sloped Up

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5157012009

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Jim Sandoval Park Regency Realty jsandoval@parkregency.com, DRE #01726729

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TNG Real Estate Consultants

+1(714) 987-3310

Agent License ID: 01886242

216 N Park View ST Los Angeles, CA 90026

TNG Real Estate Consultants

Key Details

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Exterior

Building

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