523 S Wilton Place, Los Angeles, CA 90020
- $1,390,000
- 7
- BD
- 7
- BA
- 3,504
- SqFt
- List Price
- $1,390,000
- Status
- ACTIVE
- MLS#
- 26864129
- Year Built
- 1913
- Bedrooms
- 7
- Bathrooms
- 7
- Living Sq. Ft
- 3,504
- Lot Size
- 8,536
- Acres
- 0.20
- Days on Market
- 5
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
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.
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Additional Information
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: H. Jason Yang (jason@gaia-us.com) from Listing Office: GAIA.
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