$1,299,995
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971 Wilton Place Los Angeles, CA 90038
Cluster
Residence
7
Beds
4
Baths
2,654
Sq. Ft.
0.16
Acre
Lot
Property Activity
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days
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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.
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MLS#
24439983
Property Type
Cluster
Status
Bedrooms
7
Bathrooms
Year Built
1913
Square Feet
2,654
sq. ft
Lot Size
0.16
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