971 N Wilton Place

Los Angeles, CA 90038

PRICE REDUCED

arrow_downward
-$50,000 (-3.70%)

$1,299,995

List Price

7

bed Beds

4

shower Baths

2,654 sqft

straighten / sqft

1913

calendar_month Built

Property 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.

Listing Information

List Price $1,299,995
Status Active
MLS 24439983
Type Residential Income
Year Built 1913
Lot Size 6,752
Structure Size 2,654
DOM 27
Courtesy Of Nicholas Property Group
Listing Agent Sonny Shackelford DRE#01899698

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Sonny Shackelford, Nicholas Property Group 310-946-6527. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 15th, 2024 at 9:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.