230 N Park View Street, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
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Los Angeles, California 90026
This Residential Development Asset is listed at $1,199,900, representing a stable entry point relative to its $1,138,253 Fair Market Value. Given the Condition Rating of 6, the property is a prime candidate for redevelopment, leveraging its 7,989 SqFt Lot and RD2-1 Zoning to maximize density. The asset boasts a Panoramic Downtown LA Skyline View and proximity to Rosemont Avenue Elementary, Union Avenue Elementary, and Virgil Middle School. This SB 8 compliant site is an ideal acquisition for Developers or Multi-Family Investors seeking high-yield potential in the South Silver Lake rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 230 N Park View Street Subject | $1,199,900* List Price | 2 | 1 | 1,032 | $1,103 | - |
A 1316 Allesandro Active | $1,150,000 List Price | 2 | 2 | 1,241 | $927 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1920 and over 100 years old with no mentioned renovations. The listing explicitly markets the property as a 'development opportunity' on a large RD2 zoned lot, indicating the value is in the land rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7989, living area = 1032.
The property is zoned RD2-1 on an expansive 7,989 sqft lot, offering a prime opportunity to develop multi-family units in a high-demand rental market.
Ideally situated in South Silver Lake, the property provides exceptional access to Downtown LA, Sunset Junction, and Hollywood, ensuring strong long-term appreciation.
The list price is primarily based on development potential rather than the existing 1,032 sqft structure, which may limit the buyer pool to experienced developers.
Built in 1920, the current residence likely requires significant capital expenditure for updates or demolition to realize the property's highest and best use.
Presenting a development opportunity in South Silverlake. Currently a 2BD+1BA 1,032 sf single family residence on a 7,989 sf lot. Lot dimension is 50 x 160. Zoned RD2-1. Surrounded by newer multi-family units in a robust rental market. Property is located minutes from Downtown LA, Sunset Junction, Los Feliz, and Hollywood. SB 8 compliant.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-1 • 0.2 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,032 | 1,492.5 | 22% |
| Lot Size | 7,989 | 5,000 | 86% |
| Price | $1.20M | $1.42M | 30% |
| Price per sq ft | $1.2K | $989 | 68% |
| Built year | 1920 | 1927 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 159 | 1% |
Apr 26, 2026
$1,199,900
Initial Listing
Nov 15, 2004
$395,000
Public Record