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$ 1,390,000
Est. payment | /mo
6 Beds
3,504 SqFt
$ 1,390,000
Est. payment | /mo
6 Beds
3,504 SqFt
Open House
Sun Jul 12, 1:00pm - 4:00pm
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,504 sqft
Price per Sqft $396
MLS Listing ID CL26845875
Bedrooms 6
HOA Y/N No
Year Built 1913
Lot Size 8,536 Sqft
Acres 0.2
Property Sub-Type OTHER
Property Description
Welcome to 523 South Wilton Place, a two story triplex located in the desirable Hancock Park neighborhood. Situated on a large 8,550 square foot lot, this property offers over 3,500 square feet of living space across two separate buildings, creating a great opportunity for investors, developers or owner users. The front building features a spacious 3bedroom, 2bathroom unit while the rear building includes two renovated units: a 1bedroom, 1bathroom unit and a studio. The property can be delivered fully vacant, giving buyers the flexibility to move in, lease the units, renovate, or redevelop. Zoned LAR3, the property offers strong development potential. Buyers may have the opportunity to add ADUs for additional rental income or redevelop the site with the potential to build up to 14 units (buyer to verify). Conveniently located near Koreatown, Larchmont Village, shopping, dining and major employment centers, this property offers multiple ways to add value and benefit from long term growth in one of Los Angeles' most sought-after neighborhoods.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Dryer, Inside, Washer
Building
New Construction No
Others
Tax ID 5504019022

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Listed by H. Jason Yang • GAIA
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447






