971 N Wilton Place , Los Angeles, CA 90038
Los Angeles, CA 90038
Description
A triplex in one of the hottest neighborhoods in rapidly changing Hollywood! We are pleased to present 971 N. Wilton Place. 3 existing units in the heart of Hollywood, with on-site parking & a private yard! Potential Owner/Users can enjoy the prospect of development while residing in the embodiment of the Southern California Dream; Hollywood. This RD1.5XL Zoned property boasts the ability to build 5 UNITS BY RIGHT (Small Unit Subdivision), or 8 UNITS utilizing TOC TIER 2, and is in the midst of revitalization and growth. A prime investment opportunity, this building also has a rare feature, in that the back unit was built in 2011, and is not subject to rent control ordinance! (Buyers to confirm with city and are solely responsible for all investigations).Additionally, Owner/Users can fully renovate & live in a unit, while their tenants help pay the mortgage! Walking distance to Paramount Pictures Studio! Buyer to participate in a 1031 Exchange at no extra charge to the buyer.
Details
| Mls | 24439983 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1913 |
| Days On Site | 85 |
| Listing Provided By | Nicholas Property Group 310-770-1847 | Sonny Shackelford |
Features
| Beds | 7 |
|---|---|
| Baths | 4 |
| Sq Feet | 2,654 |
| Storys | 2 |
| Units | 3 |
| Buildings | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.16 |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $1,299,995 low | high Med: $947,000 SqFt: 2,654 low | high Med: 1,320 $ / SqFt: $490 low | high Med: $717 On Site: 85 low | high Med: 48.000000 | |
