971 N Wilton Pl, Los Angeles, CA 90038 – 24-439983

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$1,299,995

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7 BD

4 BA

2,654 SqFt

Price Dropped by $50K

971 N Wilton Pl Los Angeles, CA 90038

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Enrique Arce Cervera

enriquearcerealty@gmail.com +1(702) 601-3668

UPDATED:

10/15/2024 08:42 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,654 sqft

Price per Sqft $489

MLS Listing ID 24-439983

Bedrooms 7

Year Built 1913

Lot Size 6,752 Sqft

Acres 0.155

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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Attached, Side By Side, Uncovered

Garage Spaces 4.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Nicholas Property Group

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Enrique Arce Cervera

Realtor | RE.S.0193817

+1(702) 601-3668

971 N Wilton Pl Los Angeles, CA 90038

Enrique Arce Cervera

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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971 N Wilton Pl