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443 S WILTON Place, Los Angeles, CA 90020

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443 S WILTON Place
Los Angeles, CA 90020

For Sale: $8,500,000

Property Type: Commercial Apartments
MLS#: 19418398

  • Building Size: 19384 SF
  • Lot Size: 19901 SF
  • Number of Units: 24
  • Number of Stories: 2
  • Year Built: 1957
  • Days on market: 83
  • Cap Rate: 3.00
  • Net Operating Income: $255,787
  • Gross Scheduled Income: $424,554
  • Rent Control: No
  • GRM: 20.00
  • Contact Listing Agent Direct:
  • Kyi Lee, KORUS Real Estate

Property Description

GREATER WILSHIRE AREA - HANCOCK PARK ADJACENT. SEISMIC RETROFIT COMPLETED. We are pleased to present the Wilton Apartments: 24 units' income property in the highly desirable Hancock Park Area. Excellent School District: Third Street Elementary School. The property is a two story building. The property consists of Four (4) 2 Br + 1.75 Bth. Twenty (20) 1 Br + 1Bth. Building size is approx. 19,384 sq. ft. with R3 Zone lot of 19,820 sq. ft. This property is also perfect for High-end developer or investors for a condominium. Over 20 units have been extensively remodeled. Lot of potential for projected rent CAP rate 3.8% +. Buyer to cooperate in a 1031 exchange at no cost at liability to buyer.

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443 S WILTON Place, Los Angeles, CA 90020

Based on information from California Regional Multiple Listing Service, Inc. as of January 7, 2019. 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.

Listing provided by: Kyi Lee, KORUS Real Estate

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