$ 1,550,000
-
$1,550,000
Price -
4
Bed -
4
Bath -
3,504
SqFt
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About the Listing CLW-X83098 - CLW-C145352,CLW-C133239
Welcome to 523 South Wilton Place, a classic two story triplex located in the desirable Hancock Park neighborhood. This property spans over 3,500 square feet on an oversized 8,550 square foot lot with two separate buildings, offering a rare opportunity for both investors and developers. Zoned LAR3, the property provides excellent potential for expansion or future development. The front structure features a 3 bedroom 2 residence, while the rear building includes 2 fully renovated units, a one bedroom one bathroom unit and a studio, both tenant occupied at market rents. Whether you choose to buy and hold for steady cash flow, add ADUs for additional income, or redevelop with the potential to build up to 14 units (buyer to verify), this property offers endless possibilities.Located in a central and highly walkable area of Los Angeles, the property offers convenient access to Koreatown, Larchmont Village, and major employment and retail centers. This is a rare opportunity to own a multi-unit property in one of the city's most in-demand neighborhoods with strong rental upside and long-term growth potential.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Carport,Detached Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5504019022
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
523 S Wilton Pl Los Angeles, CA 90020
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