971 N Wilton Place
Los Angeles, CA, 90038
$1,199,995
Beds
0 Baths
SqFt
0.16 Acres
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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.

Property Details

Price:
$1,199,995
MLS #:
25492999
Status:
Active
Baths:
0
Address:
971 N Wilton Place
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Feb 2, 2025
State:
CA
ZIP:
90038
Lot Size:
6,752 sqft / 0.16 acres (approx)
Year Built:
1913
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Cooling
None
Heating
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Exterior

Parking Features
Side by Side, Uncovered
Parking Spots
4.00
Stories Total
2

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971 N Wilton Place
Los Angeles, CA