440 Wilton Place

Los Angeles, CA 90020

$2,250,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $278 / sqft

1956

calendar_month Built

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.

Listing Information

Close Price $2,250,000
Close Date Monday, December 4th, 2023
Status Closed
MLS 23270866
Type Residential Income
Year Built 1956
Lot Size 8,630
Structure Size N/A
DOM 45
Courtesy Of Equity Union
Listing Agent Nicole Apostolos DRE#01464936

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Nicole Apostolos, Equity Union . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 4th, 2023 at 2:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.