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    620 N Wilton Pl

    Los Angeles, CA 90004
    • $2,000,000
    • STATUS: Active
    • ON SITE: 77 days
    • MLS #: 21-695650
    UPDATED: 8 min ago
    $2,000,000
    • 8
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,766
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Built in 1924, this fourplex consists entirely of 2 Bedroom 1.5 Bathroom apartment units located in the Hollywood Studio District of Los Angeles between Melrose Ave and Beverly Blvd, a location providing direct access to the 101 and a close walk to the Vermont/Beverly station. This offering presents the investor the opportunity to purchase a property in a centralized Hollywood location and is ideal for an end-user to live in while collecting income from the additional units. The subject property totals 5,766 square feet of living area and is being offered at $347 price per square foot. Four parking spaces are included in the rear of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 89 and offers direct access to the 101 Freeway and a quick walk to the Metro Local Lines on Western & Melrose.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T22:42:16.577. 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/114377944
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    620 N Wilton Pl Los Angeles, CA 90004

    • Price: $2,000,000
    • Status: Active
    • Updated: 8 min ago
    • MLS #: 21-695650
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,766
    SQFT
    $347
    $/SQFT
    1924
    Built
    Neighborhood:
    Hancock Park-Wilshire
    County:
    Los Angeles
    Area:
    Hancock Park-Wilshire
    Property Description
    Built in 1924, this fourplex consists entirely of 2 Bedroom 1.5 Bathroom apartment units located in the Hollywood Studio District of Los Angeles between Melrose Ave and Beverly Blvd, a location providing direct access to the 101 and a close walk to the Vermont/Beverly station. This offering presents the investor the opportunity to purchase a property in a centralized Hollywood location and is ideal for an end-user to live in while collecting income from the additional units. The subject property totals 5,766 square feet of living area and is being offered at $347 price per square foot. Four parking spaces are included in the rear of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 89 and offers direct access to the 101 Freeway and a quick walk to the Metro Local Lines on Western & Melrose.
    Exterior Features

    Lot Size Area 6732 Other Structures None Parking Garage Driveway Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling Other Equipment None Heating Other

    Property Features

    Assessed Total Value 560063 Gross Income 111108 Gross Operating Income 105553 Like Units1 4 Net Operating Income 67770.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 37782 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning R3-1

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-08T22:42:16.577. 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