An Opportunity in the Heart of Koreatown. ***FIXER*** A Prime Location Surrounded by Multi-Billion-Dollar Growth , Owning real estate in Koreatown and the broader 90012 Downtown LA corridor has always been smart. But the next three years are expected to be transformational. Several major economic engines are driving long-term value appreciation:1. 670 Mesquit A $1.4 Billion Mega Project Currently under construction, this mixed-use destination will include: Luxury apartments, Office space, Retail hotel , Large-scale developments like this historically elevate surrounding home values by boosting foot traffic, infrastructure, and desirability. 2. Massive Transit & Mobility Upgrades To prepare for global event sand to improve LA's urban coreseveral transportation projects are underway: Purple (D Line) Subway Extension, improving access across LA Dodger Stadium, Gondola (LA Aerial Rapid Transit) a $500 million rapid-access system , Major pedestrian cycling, & street corridor improvements along Figueroa, Olympic, and other key streets. Enhanced transportation = increased housing demand = long-term equity. 3. LA Convention Center Expansion. A major expansion projected to add $150M+ annually in business activity, creating job growth and attracting international events. 4. Early Build-Up for the 2028 Olympic Games, Although the Games are in 2028, 2026 is primed for peak preparation, including: Upgrades to Crypto.com Arena and the Peacock Theater , Metro's Games Enhanced Transit Service (GETS) with new zero-emission buses and new shuttle routes .Park-and-ride systems flowing directly through downtown. The LA economy is expected to generate billions in revenue between 2024-2029 due to Olympic-related activity. Why This Matters for You as a Buyer when you buy in Koreatown today, you're not just buying a home, you're buying into one of LA's strongest appreciation cycles. Housing near: Billion-dollar new developments , Major transit expansion, Olympic-driven improvements, Revitalized entertainment, hubs typically sees the highest property-value growth and strongest long-term demand. And with Park Villas' amenities, updates, and unbeatable location, "Parc de la Villa" stands out as a high-value, future-proof investment. Your Home. Your Lifestyle. Your Smartest Investment Yet. This unit gives you: Chance to re-design your own custom finishes, purchase under market value, A Pool, spa & clubhouse, Steps from Koreatown nightlife Surrounded by massive economic growth. Positioned perfectly for long-term appreciation
86 days
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349
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Zillow last checked:
Listing updated:
Listed by:
Cesar MelendrezDRE # 01742638310-729-8387,
Jason Mitchell Real Estate Ca310-720-6627
Source: CLAW,MLS#: 26833027
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1
Rooms
Room types: Den
Heating
Wall
Cooling
Wall Unit(s)
Appliances
Included: Electric Cooktop, Electric Cooking Appliances
Laundry: Common Area
Features
Flooring: Laminate
Has fireplace: No
Fireplace features: None
Interior area
Total structure area: 566
Total interior livable area: 566 sqft
Property
Parking
Total spaces: 1
Parking features: Assigned
Garage spaces: 1
Features
Levels: One
Stories: 1
Exterior features: Balcony
Pool features: Community
Spa features: Association Spa
Has view: Yes
View description: None
Waterfront features: None
Lot
Size: 1.69 Acres
Details
Parcel number: 5503024095
Zoning: LAR4
Special conditions: Standard
Other equipment: None
Construction
Type & style
Home type: Condo
Architectural style: Traditional
Property subtype: Residential, Condominium
Attached to another structure: Yes
Condition
Fixer,Repair Cosmetic
Year built: 1973
Utilities & green energy
Sewer: In Street
Water: District
Community & HOA
Community
Security: Gated
Subdivision: Park Villas Condominium Association
HOA
Has HOA: Yes
Amenities included: Pool, Gated, Clubhouse, Fitness Center
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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