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1532 S Wilton Place
USD 3,250,000
Property ID: 24355599
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1532 S Wilton Place ,90019
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icon 13161 SqFt
icon Built in 1960
icon USD 247/SqFt
icon 28 Beds
icon 14 Full
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Location Street View
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Interior Details
Bedrooms
28
Bathrooms
14
Interior Size
9916
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1960
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Detailed Introduction Of This Home
Back on market at revised price! Now being offered at a low $230k per door for all 2 Bed/1 Bath units with 14 on-site gated parking spaces. Located in the heart of Angelus Vista / Mid City with in-place RTI's and approved plans/permits by the City of LA to build (2) ADU's in the back tuck-under parking spaces. Adding the (1) 3+1 and (1) 1+1 ADU's would turn the property into 16 units ($200k per door), and 8 parking spaces will remain after construction completion. EQ retrofit work has already been completed! Seller has an assumable loan at a fixed 3.850% interest rate. Clean 1960's construction asset on a large 13k SF lot zoned LAR3 for future development. In-place & current 13 GRM without ADU's, with approximately 95% rental upside to a stabilized 6.70 GRM. Turn the property into a 10.5 current GRM once ADU's are completed & rented, and assuming all other rents remain the same. New roofs were put on both structures in 2017, copper plumbing, brand new master water heater and brand-new laundry room machines.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1532 S Wilton Place
USD 3,250,000 28 Beds
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