1821 N Wilton Place, Hollywood, 90028

Residential - Single Family For Sale

$1,460,000

10Beds
7Baths
2,996Sqft
.19Acres
1917Built
101DOM
MLS® #: SR18271606
Active, 101 Days on Market

This is a Plan Book Craftsman style single family residence currently being used as an income property, along with a detached Guest house. It currently brings $8,405 per month, with two vacancies at this time. Buyer must calculate relocation expenses into price. This property is not registered with Rent Stabilization /Rent Control, but maybe categorized under these laws where Tenants are eligible for relocation money. This SFR is ideal for a Buyer looking for strong supplemental income to help pay their mortgage and live rent free! On the other hand, a patient investor looking to reposition the property can capture its immediate upside, given its tremendous location and quality architecture. The annual income with 2 vacancies is approximately 101,000 per year, making this investment a +/- 4.5 CAP RATE ON EXISTING INCOME. The property has deferred maintenance and needs to get upgraded. Seller will only open escrow with Buyer with NO Physical inspection contingency, no exceptions. Buyer must conduct their physical inspections and hire 3rd party upfront, prior to opening escrow. Guest House adds an additional 450 square feet to the leasable square footage on the premises, tax assessors show 2,546 square feet. Buyer to conduct their own independent investigations, Agents nor Seller makes no representations or warranties of any kind implied or expressed. The large lot provides plenty of rear parking for tenants with striped spaces on the side and backyard.

Essential Information

MLS® #: SR18271606
Price: $1,460,000
Bedrooms: 10
Bathrooms: 7.00
Full Baths: 7
Square Footage: 2,996
Acres: 0.19
Year Built: 1917
Type: Residential
Sub-Type: Single Family
Status: Active

Community Information

Address: 1821 N Wilton Place
Area: Hollywood (C20)
City: Hollywood
County: Los Angeles
State: CA
Zip Code: 90028

Amenities

View: Neighborhood
Pool: None

Interior

Appliances: None
Cooling: Central A/C
Fireplace: Yes
Fireplaces: Living Room
# of Stories: 2
Stories: Two

Exterior

Lot Description: Back Yard, Front Yard

School Information

District: Los Angeles Unified

Additional Information

Date Listed: November 11th, 2018
Days on Market: 101
Zoning: RD 1.5

Listing Details

Listing Agent: Jay Martinez(01954238)
Listing Office: Hudson Commercial Partners, In

Financials

$/SqFt: $487

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®, Inc.

Listing information last updated on February 21st, 2019 at 6:46pm PST.

Based on information from California Regional Multiple Listing Service, Inc. as of February 21st, 2019 at 6:26pm 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.