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522 S Park View St
Los Angeles, CA 90057
Land For Sale
·
0.17 AC
Investment Highlights
- LAR4-1 zoning and TOC-Tier 3 site allows one to develop up to 31 units on this lot – just $64,516 per buildable unit.
- Excellent development opportunity with no structure to demolish and zero tenants to replace.
- Adjacent property is RTI for a brand new 30 unit, 6-story apartment with roof top amenities and one level of subterranean parking on an identical lot.
Property Facts
| Property Type | Land | Total Lot Size | 0.17 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Zoning | LAR4-1 - TOC-Tier 3 Site | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.17 AC |
| No. Stories | 1 |
| Zoning | LAR4-1 - TOC-Tier 3 Site |
Description
Vacant parking lot that is currently being operated by Parking Company of America (PCA). There is no lease in place – PCA is currently operating off an MTM lease and has been for the last 30 years 50 Ft of frontage by 150 Ft depth lot – perfect size for redevelopment. The Westlake / MacArthur Park Red-Line Metro is located just steps from MacArthur Park. Booming neighborhood surrounding MacArthur Park and just 1-Mi from the DTLA Financial District. 7,500 sqft lot with LAR4-1 zoning on a TOC-Tier 3 site.
Property Taxes
| Parcel Number | 5154-037-029 | Improvements Assessment | $10,833 |
| Land Assessment | $120,213 | Total Assessment | $131,046 |
Property Taxes
Parcel Number
5154-037-029
Land Assessment
$120,213
Improvements Assessment
$10,833
Total Assessment
$131,046
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