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310 S Wilton Pl

Los Angeles, CA 90020
  • $6,300,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 22-146705
UPDATED: 42 min ago
$6,300,000
  • 14
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,319
    SQFT
  • $676
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

School District:

Description

CALLING ALL BUILDERS!!!!! DEVELOPERS!!!!! INVESTORS!!!!! Extremely rare and unique opportunity to possibly build 43 luxury condos or 68 apartments in an absolutely prime location. Situated most favorably in Koreatown/Hancock Park, the close proximity to everything Los Angeles is topped only by its inclusion within the boundaries of the prestigious Third Street Elementary School. Although its current zoning is R3, the projected number of units are based on discussions with the City of a real possibility of an upgrade to R4 use code. 310 & 316 S Wilson Pl to be sold together. Property can be delivered vacant by COE at the request of buyer.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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.markwiseproperties.com/homes/127801707
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310 S Wilton Pl Los Angeles, CA 90020

  • Price: $6,300,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 42 min ago
  • MLS #: 22-146705
14
Beds
0
Baths
0
½ Baths
0.2
Acres
9,319
SQFT
$676
$/SQFT
1922
Built
Neighborhood:
Hancock Park-Wilshire
County:
Los Angeles
Area:
Hancock Park-Wilshire
School District:
Los Angeles Unified
Property Description
CALLING ALL BUILDERS!!!!! DEVELOPERS!!!!! INVESTORS!!!!! Extremely rare and unique opportunity to possibly build 43 luxury condos or 68 apartments in an absolutely prime location. Situated most favorably in Koreatown/Hancock Park, the close proximity to everything Los Angeles is topped only by its inclusion within the boundaries of the prestigious Third Street Elementary School. Although its current zoning is R3, the projected number of units are based on discussions with the City of a real possibility of an upgrade to R4 use code. 310 & 316 S Wilson Pl to be sold together. Property can be delivered vacant by COE at the request of buyer.
Exterior Features

Lot Size Area 17230 Other Structures None Parking Garage Above Street LevelUncoveredGated Total Parking 12

Interior Features

Baths Total 13.00 Cooling None Equipment None Heating None

Property Features

Assessed Total Value 734768 Gross Income 312000 Gross Operating Income 312000 Like Units1 8 Net Operating Income 217000.00 Number Of Buildings 3 Number Of Units 8 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Total Annual Expense 95000 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Mijeong Kim DRE#01887660 of Max Mega Group.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270