626 N Wilton Pl Los Angeles, CA 90004

$2,640,000
Los Angeles, CA   90004
0 Beds, 0.0 Baths, 0 sq ft, 13,615 sq ft lot, Built in 0
626 N Wilton Pl, Los Angeles, CA 90004 Photo 0
0 Beds,
0.0 Baths,
0 sq ft,
13,615 sq ft lot
Built in 0

Description

MLS# 19429354

626 & 632 North Wilton Place is a 1923 multifamily property with twelve one-bedroom/one-bathroom units across six bungalow-style buildings on a large lot with a 1:1 parking ratio. Less than one block south of Melrose Avenue and within walking distance to Paramount Studios, the property straddles East Hollywood and Koreatown, a burgeoning pocket in the Los Angeles real estate market.The property is currently zoned R3-1, there are two projects planned for development, a 34-unit and an 88-unit, both on Wilton within walking distance of this offering.This is a true value-add opportunity for an investor to acquire an asset that has substantial upside through renovations or redevelopment, meeting the strong market rents in an emerging, and highly desirable demand for bungalow type units with parking. Listed by Neema Ahadian, Marcus & Millichap.

Description

MLS# 19429354

626 & 632 North Wilton Place is a 1923 multifamily property with twelve one-bedroom/one-bathroom units across six bungalow-style buildings on a large lot with a 1:1 parking ratio. Less than one block south of Melrose Avenue and within walking distance to Paramount Studios, the property straddles East Hollywood and Koreatown, a burgeoning pocket in the Los Angeles real estate market.The property is currently zoned R3-1, there are two projects planned for development, a 34-unit and an 88-unit, both on Wilton within walking distance of this offering.This is a true value-add opportunity for an investor to acquire an asset that has substantial upside through renovations or redevelopment, meeting the strong market rents in an emerging, and highly desirable demand for bungalow type units with parking. Listed by Neema Ahadian, Marcus & Millichap.

Area
AREA: HPK - Hancock Park
COUNTY: LA
Building Info
VIEW: See Remarks
Community
HOA DUES 1: 0.00
Land
ZONE: LAR3
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