433 S Wilton Place | Los Angeles | State of California | Prices, Plans, Availability

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433 S Wilton Place

USD 1,625,000

Property ID: 25507107

433 S Wilton Place ,90020

6634 SqFt

Built in 1919

USD 245/SqFt

6 Beds

4 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

2816

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1919

Detailed Introduction Of This Home

We are excited to present a rare opportunity to acquire a prime 6,632 SF lot in the prestigious Hancock Park neighborhood. Zoned LAR3 with a Tier 3 TOC (70% density bonus), this site allows for the development of 8 units by-right or up to 13 units with the use of TOC incentives. Currently, the lot is home to a 6-bedroom, 4-bathroom single-family residence, which can be delivered either vacant or tenant-occupied. The property is currently rented by the bedroom to young professionals, generating a gross income of approximately $8,000 per month. The entire home has been extensively updated, featuring a fully rewired electrical system with a new 200-amp panel, brand-new plumbing, new roof, dual-pane windows, waterproof hardwood flooring, and beautifully remodeled bedrooms & bathrooms. Financials are based on proforma market rents of $10,000/month.

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