819 S Park View Street, Los Angeles, California 90057, Los Angeles, 90057 - 4 bed, 3 bath
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Los Angeles, California 90057
This R4-Zoned Development Asset is listed at $1,059,000, representing a strategic investment in land density over the $833,459 Fair Market Value of the existing structure. With a Condition Rating of 4, the property is sold "as-is," emphasizing its transition potential into a multi-unit apartment or condominium complex. The 7,476 SF lot features an exceptional 14-car gated parking area at the gateway to Koreatown and DTLA. Near top-rated schools like Hoover Street Elementary (Rating: 8), this is a high-upside acquisition for Real Estate Developers and Land-Bank Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 819 S Park View Street Subject | $998,000* List Price | 4 | 3 | 1,881 | $530 | - |
A 127 S Westlake Avenue Active | $915,000 List Price | 3 | 2 | 2,270 | $403 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1903, this property is well-maintained but clearly aged. The kitchen and bathrooms feature dated tile work and cabinetry likely from a renovation 20+ years ago. While the interior has newer laminate flooring and appears clean, the presence of older wall heaters, dated light fixtures, and the 'as-is' sale condition indicate that the home requires modernization of its major systems and aesthetic features to meet current market standards.
Zoned R4 on a 7,476 SF lot, this property offers significant upside for developers to construct an apartment building, condominiums, or additional income units in a high-demand urban corridor.
The property features a rare gated parking area capable of accommodating up to 14 cars, providing a massive competitive advantage in the densely populated Koreatown and Downtown Los Angeles area.
Positioned at the gateway to Koreatown and DTLA, the property boasts a prime location with immediate access to public transportation, diverse dining, shopping, and major medical facilities.
The sale is subject to an 'as-is' agreement with no seller repairs or credits, which may require the buyer to have significant liquid capital for immediate improvements or deferred maintenance.
Built in 1903, the 120-year-old structure likely requires extensive updates to its core systems, such as plumbing and electrical, to meet modern standards and efficiency requirements.
THIS WARM AND LOVING FAMILY HOME IS ON THE MARKET FOR THE FIRST TIME IN 22 YEARS. THIS WELL-MAINTAINED SINGLE-FAMILY RESIDENCE FEATURES 4 BEDROOMS AND 3 BATHROOMS, SPANNING 1,881 SF AND OFFERS OPPORTUNITIES FOR INCOME GENERATION WHILE LIVING HERE. SITUATED ON A 7,476 SF LOT, THE BACKYARD INCLUDES A GATED PARKING AREA FOR (14 CARS)-A RARE AND VALUABLE FEATURE. ZONED R4, THE PROPERTY ALLOWS FOR FUTURE DEVELOPMENT OF AN APARTMENT BUILDING, CONDO OR ADDITIONAL INCOME UNITS. LOCATED AT THE GATEWAY TO KOREATOWN AND DOWNTOWN, THIS PRIME LOCATION OFFERS EASY ACCESS TO TRANSPORTATION, DINING, MARKETS, SHOPPING, AND MEDICAL FACILITIES. (SOLD AS-IS! NO REPAIR OR CREDIT) A MUST-SEE PROPERTY WITH TREMENDOUS POTENTIAL!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades 1-5 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,881 | 1,881 | 50% |
| Lot Size | 6,476 | 4,792 | 60% |
| Price | $998.0K | $998.0K | 50% |
| Price per sq ft | $531 | $531 | 50% |
| Built year | 1903 | 1912 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 152 | 20% |
May 20, 2026
$998,000
$1,059,000
-6% Price Drop
Initial Listing
Mar 16, 2026
$1,059,000
Initial Listing
Sep 30, 2004
$550,000
Public Record
Oct 7, 2003
$355,000
Public Record