Los Angeles, CA 90020,523 S Wilton PL
Los Angeles, CA 90020,523 S Wilton PL
Los Angeles, CA 90020,523 S Wilton PL
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Lorenzo Vasquez

Lorenzo Vasquez

+1(559) 667-7612
$1,550,000
Est. payment /mo
7 Beds
7 Baths
3,504 SqFt
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Open House

Sun Jan 18, 1:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,504 sqft

Price per Sqft $442

MLS Listing ID 25615325

Bedrooms 7

HOA Y/N No

Year Built 1913

Lot Size 8,537 Sqft

Property Description

Welcome to 523 South Wilton Place, a classic two story triplex located in the desirable Hancock Park neighborhood. This property spans over 3,500 square feet on an oversized 8,550 square foot lot with two separate buildings, offering a rare opportunity for both investors and developers. Zoned LAR3, the property provides excellent potential for expansion or future development. The front structure features a 3 bedroom 2 residence, while the rear building includes 2 fully renovated units, a one bedroom one bathroom unit and a studio, both tenant occupied at market rents. Whether you choose to buy and hold for steady cash flow, add ADUs for additional income, or redevelop with the potential to build up to 14 units (buyer to verify), this property offers endless possibilities.Located in a central and highly walkable area of Los Angeles, the property offers convenient access to Koreatown, Larchmont Village, and major employment and retail centers. This is a rare opportunity to own a multi-unit property in one of the city's most in-demand neighborhoods with strong rental upside and long-term growth potential.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Parking Features Carport, Detached Carport

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5504019022

Special Listing Condition Standard

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CRMLS – RECore
Listed by H. Jason Yang GAIA

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Lorenzo Vasquez

Lorenzo Vasquez

+1(559) 667-7612

Agent | License ID: 02072805

Agent License ID: 02072805

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