107 N Mednik Ave
East Los Angeles - Los Angeles, CA 90022
- Multi-family building, 48 beds 2 baths, 17,280 sf, 34,970 sf lot
- Unit #1: 2 beds, 2 baths, $1125/mo
Between downtown L. A. & the ever-expanding San Gabriel Valley, the Park Vista Apartments present an excellent condo conversion opportunity for a 24 unit apartment building constructed in 1989 with a final recorded condo map in place. The county's site improvement requirements are to obtain full entitlements include relocating a security gate for parking ingress and egress, submitting a budget and filing CC&R's. (Qualified Buyers will verify all requirements and county documents; asset is being sold AS IS). All units are 2 bed 2 bath. 54 required & provided parking spaces (48 plus 6 guest). Units separately metered for gas & electric. Situated on a 0.81-acre lot, this non rent-controlled asset is 1 block west and 2 blocks south of Monterey Park. Across the street from expansive Belvedere Park, 1 block from the Metro Gold Line light rail, this income-producing asset stands out as a nearly complete condo conversion in an area with limited supply for 1st time home buyers.
Listed by Darin Spillman, Hudson Commercial Partners, Inc.CLAW #13712903APN: #5235009069
C-Morris K. Hamasaki Elementary SchoolK-6
01/03/2014 Off Market$4,320,0004 years ago