433 S Wilton Pl new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90020
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,816 sqft
Price per Sqft $577
MLS Listing ID 25507107
Bedrooms 6
Year Built 1919
Lot Size 6,634 Sqft
Property Sub-Type Multi-Family
Property Description
We are excited to present a rare opportunity to acquire a prime 6,632 SF lot in the prestigious Hancock Park neighborhood. Zoned LAR3 with a Tier 3 TOC (70% density bonus), this site allows for the development of 8 units by-right or up to 13 units with the use of TOC incentives. Currently, the lot is home to a 6-bedroom, 4-bathroom single-family residence, which can be delivered either vacant or tenant-occupied. The property is currently rented by the bedroom to young professionals, generating a gross income of approximately $8,000 per month. The entire home has been extensively updated, featuring a fully rewired electrical system with a new 200-amp panel, brand-new plumbing, new roof, dual-pane windows, waterproof hardwood flooring, and beautifully remodeled bedrooms & bathrooms. Financials are based on proforma market rents of $10,000/month.
Location
State CA
County Los Angeles
Area Hancock Park-Wilshire
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Central
Cooling Air Conditioning
Flooring Hardwood, Tile
Equipment Range/Oven, Recirculated Exhaust Fan, Refrigerator, Trash Compactor, Vented Exhaust Fan, Washer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Other, Dryer, Dishwasher, Ceiling Fan, Alarm System
Laundry In Unit, Inside
Exterior
Parking Features Private, Garage Is Detached, Gated, Driveway Gate
Garage Spaces 3.0
Building
Story 2
Others
Special Listing Condition Standard