440 S Wilton Pl, Los Angeles, CA 90020

$2,250,000
14
BD
8
BA
8,630
SqFt
Sold Price
$2,250,000
List Price
$2,400,000
Closing Date
Dec 04, 2023
MLS#
23-270866
Year Built
1956
Bedrooms
14
Bathrooms
8
Living Sq. Ft
8,630
Lot Size
8,630
Days on Market
45
Property Type
Multifamily
Stories
2

Property Description

OVERBID HEARING SCHEDULED ON TUESDAY, AUGUST 22, 2023. OPENING BID WILL BE $2,363,000. 440 S Wilton Pl. is a well located 7,058 square foot eight (8) unit apartment building in Koreatown. It is composed of four 1+1 units, two 2+1.5 units and two 3+1.5 units. Seven (7) of the eight (8) units will be delivered vacant providing a rare opportunity! Rents for the vacant units are projected. Each unit averages over 875 sq. ft. and is separately metered for gas and electricity. The property is situated on a 8,630 square foot lot and is zoned LAR3 (ADDITIONAL PARCEL 5504-025-026). There are eight (8) onsite parking spaces and onsite laundry. Property in the Los Angeles REAP Program. The subject property is also ideally located near the 101 freeway and is walking distance to the Wilshire/Western Metro Station. It is deemed a "Walker's Paradise" earning a walkability score of 90. Located South of 3rd St. on Wilton Pl. with easy access to all of the excellent restaurants, shopping and entertainment Koreatown, Hollywood and Downtown LA have to offer. This property presents a VERY UNIQUE opportunity for an investor looking to renovate and re-tenant a building to capture CASH FLOW.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
None
View
None
Number of Cars in Garage
None
Garage Spaces Total
4

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Equity Union, Nicole Apostolos - CA DRE#01464936 Selling Office: .

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