$2,800,000

632 N Wilton Place, Los Angeles, CA

0.15

Acres

Located between Melrose Ave and Beverly Blvd, the subject property features two parcels totaling 13,615 in the heart of the Hollywood StudioDistrict adjacent to the Hollywood Historic Hotel.The current structures consist of twelve bungalow-style units consisting of one-bedroom units which will be delivered100% vacant, no relocations or buyouts necessary.This offering presents a developer the opportunity to purchase a sizable lot ideal for a multifamily development project. The parcels are currently zoned R3-1; there are no plans or entitlements in-place currently. This is an opportunity for a developer to build17 units by-right.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 $840,000within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 90 and offers direct access to the 101 Freeway and a short walk to the Metro Local Lines on Western & Melrose

Facts & Features

MLS® # 21695662
Price $2,800,000
Bathrooms 0.00
Acres 0.15
Type Land
Status Active

Community Information

Address 632 N Wilton Place
Area HPK - Hancock Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Additional Information

Date Listed February 19th, 2021
Days on Market 48
Zoning R3-1
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentNeema Ahadian
OfficeMarcus & Millichap

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?