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845 S Wilton Place

Los Angeles (City), CA 90005
  • $1,699,000
  • STATUS: Active
  • ON SITE: 69 Days
  • ID#: NP22076728
UPDATED: 83 min ago
$1,699,000
  • 3
    BEDS
  • 0.21
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,884
    SQFT
  • $902
    $/SQFT
Type:
Single-Family Home
Built:
1920
County:

School Ratings & Info

School District:
Listing Agent(s): Michael Shank of Compass (949-438-4340) and Daniel Banuelos of Compass(949-438-4340)


Description

Extraordinary Investor/Developer opportunity. The approximate 8996sf lot (60x150), three bedroom, two bathroom dwelling is ready for redevelopment and comes with an existing lease of $6000 per month that would offer you income while in the planning/approval process. Due to demand and proximity to downtown, this area has exploded with new construction of multifamily properties and redevelopments. LAR3 HPOZ zoning (Multiple Dwelling, Historic Preservation Overlay Zone) may allow up to 11 units and possibly more (investigation required). In addition, the property is successfully functioning in it's current use (income producing), and likely provides the ability to add on to the existing structure and/or add ADUs.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-24T17:36:48.92. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Charlie Sheldrake | Engel & Volkers. Licensed in the State of California, USA.
www.realestatesouthcounty.com/homes/127764512
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845 S Wilton Place Los Angeles (City), CA 90005

  • Price: $1,699,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 83 min ago
  • ID#: NP22076728
3
Beds
2
Baths
0
½ Baths
0.21
Acres
1,884
SQFT
$902
$/SQFT
1920
Built
Neighborhood:
C18 - Hancock Park-Wilshire
County:
Los Angeles
Area:
C18 - Hancock Park-Wilshire
School District:
Los Angeles Unified
Property Description
Extraordinary Investor/Developer opportunity. The approximate 8996sf lot (60x150), three bedroom, two bathroom dwelling is ready for redevelopment and comes with an existing lease of $6000 per month that would offer you income while in the planning/approval process. Due to demand and proximity to downtown, this area has exploded with new construction of multifamily properties and redevelopments. LAR3 HPOZ zoning (Multiple Dwelling, Historic Preservation Overlay Zone) may allow up to 11 units and possibly more (investigation required). In addition, the property is successfully functioning in it's current use (income producing), and likely provides the ability to add on to the existing structure and/or add ADUs.
Exterior Features

Attached Garage YN No Lot Features 0-1 Unit/Acre Parking Features DrivewayGarage Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Sign On Property YN Yes View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Main Level Bathrooms 2 Main Level Bedrooms 3

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Exclusions Washer/Dryer And Refrigerator. Garage YN Yes Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-06-24T17:36:48.92. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Charlie Sheldrake | Engel & Volkers. Licensed in the State of California, USA.
 
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Charlie Sheldrake | Engel & Volkers
3636 E. Coast Hwy
Corona del Mar CA, 92625
Listing Agent(s): Michael Shank of Compass (949-438-4340) and Daniel Banuelos of Compass(949-438-4340)