216 N Park View Street, Los Angeles, CA

About 216 N Park View Street

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, approved RTI plans call for redevelopment of the site with two three-story duplex buildings totaling four 4-bedroom, 4-bath units and parking for eight vehicles. Alternatively, the existing renovated duplex offers potential for expansion with the addition of another level. The two existing 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. 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 t

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