632 N Wilton Place, Los Angeles (City)

$2,800,000

0 Beds
0 Baths
0 Sqft
13,615 Lot Sqft
0 Garages

Located betweenMelrose 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

Essential Information
MLS® #21695662
Price$2,800,000
Lot Sqft13,615
Acres0.15
TypeLot-Land
Sub-TypeLots and Land
StatusActive
Community Information
Address632 N Wilton Place
AreaHancock Park (HPK) (L)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90004
Amenities
ViewNo View
Additional Information
Date ListedFebruary 19th, 2021
Days on Market14
ZoningR3-1
Listing Details
AgentNeema Ahadian(01346750)
OfficeMarcus & Millichap
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 632 N Wilton Place, Los Angeles (City), CA

Photo of Listing #21680632

4401 Beverly Boulevard, Los Angeles (City)

$2,320,000

MLS® # 21680632

Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2021 at 6:35am PST. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Sign up for email updates