MLS® ID: 19-429370

626 N Wilton Pl

Los Angeles, California, 90004

$2,640,000 Looking For Backup
  • 12 Beds
  • 5164 SQFT
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.
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Listing courtesy of Marcus & Millichap

Amenities

  • Zip
    90004
  • Office name
    Marcus & Millichap
  • SQFT
    5164
  • Bedrooms
    12
  • Property type
    Residential Income
  • Zoning type
    LAR3
  • Year built
    1923
  • Lot size
    13615
  • Heating
    Other
  • Tax year
    2018
  • Agent name
    Neema Ahadian
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Area
    Hancock Park-Wilshire

Location

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