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440 S Wilton Pl

Los Angeles, CA 90020
  • $2,595,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 21-795762
UPDATED: 15 min ago
$2,595,000
  • 14
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,058
    SQFT
  • $368
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

440 S Wilton Pl. is a MOSTLY VACANT PROBATE SALE! The property is a well located 7,058 square foot eight unit apartment building. It is composed of four 1+1 units, two 2+1.5 units and two 3+1.5 units. Each unit averages over 875 sq. ft. and is separately metered for gas and electricity. The property is situated on a 7,625 square foot lot and is zoned LAR3. Seven of the eight units will be delivered VACANT and there is parking for all. No seismic retrofitting required and being sold "As-Is." The subject property is located in the up and coming Koreatown area of Los Angeles. Located South of 3rd St. on Wilton Pl. it provides easy access to all of the excellent restaurants, shopping and entertainment Koreatown, Hollywood and Downtown LA have to offer, making it highly sought after by the young professional tenant. Within close proximity to Montys Good Burger, Parks BBQ, California Marketplace and many other local eateries and bars. The subject property is also ideally located near the 101 freeway and is walking distance to the Wilshire/Western Metro Station. It is deemed a "Walkers Paradise" earning a walkability score of 90. This property presents a VERY UNIQUE opportunity for an investor looking to renovate and re-tenant a building to capture excellent CASH FLOW. Please do not disturb tenant.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-27T07:42:22.393. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122542906
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440 S Wilton Pl Los Angeles, CA 90020

  • Price: $2,595,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 15 min ago
  • MLS #: 21-795762
14
Beds
0
Baths
0
½ Baths
0.18
Acres
7,058
SQFT
$368
$/SQFT
1956
Built
Neighborhood:
Hancock Park-Wilshire
County:
Los Angeles
Area:
Hancock Park-Wilshire
Property Description
440 S Wilton Pl. is a MOSTLY VACANT PROBATE SALE! The property is a well located 7,058 square foot eight unit apartment building. It is composed of four 1+1 units, two 2+1.5 units and two 3+1.5 units. Each unit averages over 875 sq. ft. and is separately metered for gas and electricity. The property is situated on a 7,625 square foot lot and is zoned LAR3. Seven of the eight units will be delivered VACANT and there is parking for all. No seismic retrofitting required and being sold "As-Is." The subject property is located in the up and coming Koreatown area of Los Angeles. Located South of 3rd St. on Wilton Pl. it provides easy access to all of the excellent restaurants, shopping and entertainment Koreatown, Hollywood and Downtown LA have to offer, making it highly sought after by the young professional tenant. Within close proximity to Montys Good Burger, Parks BBQ, California Marketplace and many other local eateries and bars. The subject property is also ideally located near the 101 freeway and is walking distance to the Wilshire/Western Metro Station. It is deemed a "Walkers Paradise" earning a walkability score of 90. This property presents a VERY UNIQUE opportunity for an investor looking to renovate and re-tenant a building to capture excellent CASH FLOW. Please do not disturb tenant.
Exterior Features

Lot Size Area 7625 Other Structures None Parking Garage Detached Total Parking 7

Interior Features

Baths Total 8.00 Cooling Wall/Window Equipment Other Heating Other

Property Features

Assessed Total Value 2401650 Gross Income 246900 Gross Operating Income 239493 Like Units1 4 Like Units2 2 Like Units3 2 Net Operating Income 178245.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Probate Listing Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 61248 Type Of Units 1+12/3+1.5 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Nicole Apostolos DRE#01464936 of Keller Williams Realty Encino-Sherman Oa.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-27T07:42:22.393. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210