Property Detail

216 Park View

Los Angeles CA 90026

$1,099,999

Status: Active

Property Details

Description

RENOVATED VACANT DUPLEX WITH INCOME POTENTIAL AND RTI DEVELOPMENT OPPORTUNITY! Situated on an approximately 8,000 sq. ft. gated lot, this property offers investors two distinct opportunities: establish rental income from an extensively renovated duplex or explore a larger residential development utilizing the included Ready-to-Issue (RTI) plans. The existing duplex offers approximately 1,435 sq. ft. of combined living space, consisting of two 2-bedroom, 1-bath residences of approximately 700 sq. ft. each, with essentially identical reverse floor plans. BOTH UNITS ARE VACANT, providing the opportunity to establish new tenancies without assuming existing leases. With no existing rental agreements or inherited rental rates, an investor has the flexibility to evaluate current market rents, establish a leasing strategy, and determine how best to position each residence for future occupancy. Open living and dining areas feature SPC flooring, recessed lighting, matte-black hardware, and wall-mounted heating and air conditioning. Updated kitchens include 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, an updated full bathroom with quartz countertop and glass-enclosed tub/shower, hallway storage, and an in-unit laundry closet with stackable washer and dryer. Gated entry provides ON-SITE PARKING FOR TWO VEHICLES, with a separate pedestrian gate for additional access. Each residence has its own electrical meter, while both share a water meter. Outdoor areas include a shared backyard and individual side-yard spaces. The property's elevated setting also offers views of the HOLLYWOOD SIGN and GRIFFITH OBSERVATORY. For development-focused investors, the property includes RTI plans for TWO THREE-STORY DUPLEX BUILDINGS comprising FOUR PROPOSED 4-BEDROOM, 4-BATH RESIDENCES, with EIGHT PLANNED PARKING SPACES. Two distinct investment strategies, one property: a renovated duplex offering rental income potential today and a separate opportunity for future residential development.

Map Location

Listing provided courtesy of Jim Sandoval of Park Regency Realty. Last updated 2026-11-08 09:10:56.000000. Listing information © 2025 CRMLS.

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Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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