Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

3,504 sqft

Lot size

8,536 sqft

Year built

1913

Stories

2

Heating

Central

Cooling

Central Air

Status

Active

Days on market

81

MLS #

245187140

About this property

MOTIVATED SELLER - BRING ALL OFFERS! Triplex located in the desirable Hancock Park neighborhood. Situated on a large 8,550 SF lot, this property offers over 3,500 SF of living space across two separate buildings. The front building features a 5 bedroom, 3 bathroom unit. The rear building includes two updated units: a renovated 1 bedroom, 1 bathroom unit on the ground floor and a studio on the second floor. The property can be delivered fully vacant, giving the new owner the flexibility to move in, lease all units, renovate or redevelop. Zoned LAR3, the property offers excellent development potential. Buyers may have the opportunity to add ADUs for additional rental income or redevelop the site with the potential to build up to 14 units (buyer to verify). Conveniently located near Koreatown, Larchmont Village, shopping, dining and major employment centers, this property is a great opportunity for both investors and owner users looking for long term value in one of Los Angeles' most desirable neighborhoods.

Location

523 S Wilton Place

Los Angeles, Los Angeles, CA, 90020