$1,650,000
1133 Wilcox Place Los Angeles, CA 90038
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$1,650,000
Est. payment /mo
3 Beds
2 Baths
7,336 Sqft Lot
UPDATED:
10/04/2024 11:47 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID SR24182849
Bedrooms 3
HOA Y/N No
Lot Size 7,336 Sqft
Property Description
We are pleased to offer for sale this great investment opportunity for astute investors in prime Hollywood. The Wilcox Place apartments are nestled in the heart of Hollywood, arguably one of the most recognized neighborhoods in the world. Comprised of 86% 2 bedrooms units, this rare offering is being offered at considerably attractive $235K per unit and low $281 per sf. Being cared for by the same family for decades, the offering provides roughly 60% of rental upside subject to LA RSO. Some units provide great views, generous balconies and ample parking. With a WalkScore of 89, tenants can access the Hollywood strip in 5 minutes and west Hollywood in just 2 minutes. 15-minute walk to the Hollywood & Vine Red Line station, 15-minute drive to Downtown Los Angeles, equips tenants with accessibility in day and age with increased traffic & travel times. The surround location in the epicenter of high income creative workforce, with the Sunset Las Palmas studios steps away, Sunset Gower studio, less than 1 mile, The massive upcoming Echelon studios coming on in 2025, Paramount Studios, Netflix and others all in walking distance. Seller and its agent make no promises or warranties to the accuracy of information. Broker and buyers are instructed to conduct their own studies and consult with their tax and legal advisors in all matters including property data, local laws, zoning, rent control, insurability, financing etc. * Contact listing agent for offering memorandum *
We are pleased to offer for sale this great investment opportunity for astute investors in prime Hollywood. The Wilcox Place apartments are nestled in the heart of Hollywood, arguably one of the most recognized neighborhoods in the world. Comprised of 86% 2 bedrooms units, this rare offering is being offered at considerably attractive $235K per unit and low $281 per sf. Being cared for by the same family for decades, the offering provides roughly 60% of rental upside subject to LA RSO. Some units provide great views, generous balconies and ample parking. With a WalkScore of 89, tenants can access the Hollywood strip in 5 minutes and west Hollywood in just 2 minutes. 15-minute walk to the Hollywood & Vine Red Line station, 15-minute drive to Downtown Los Angeles, equips tenants with accessibility in day and age with increased traffic & travel times. The surround location in the epicenter of high income creative workforce, with the Sunset Las Palmas studios steps away, Sunset Gower studio, less than 1 mile, The massive upcoming Echelon studios coming on in 2025, Paramount Studios, Netflix and others all in walking distance. Seller and its agent make no promises or warranties to the accuracy of information. Broker and buyers are instructed to conduct their own studies and consult with their tax and legal advisors in all matters including property data, local laws, zoning, rent control, insurability, financing etc. * Contact listing agent for offering memorandum *
We are pleased to offer for sale this great investment opportunity for astute investors in prime Hollywood. The Wilcox Place apartments are nestled in the heart of Hollywood, arguably one of the most recognized neighborhoods in the world. Comprised of 86% 2 bedrooms units, this rare offering is being offered at considerably attractive $235K per unit and low $281 per sf. Being cared for by the same family for decades, the offering provides roughly 60% of rental upside subject to LA RSO. Some units provide great views, generous balconies and ample parking. With a WalkScore of 89, tenants can access the Hollywood strip in 5 minutes and west Hollywood in just 2 minutes. 15-minute walk to the Hollywood & Vine Red Line station, 15-minute drive to Downtown Los Angeles, equips tenants with accessibility in day and age with increased traffic & travel times. The surround location in the epicenter of high income creative workforce, with the Sunset Las Palmas studios steps away, Sunset Gower studio, less than 1 mile, The massive upcoming Echelon studios coming on in 2025, Paramount Studios, Netflix and others all in walking distance. Seller and its agent make no promises or warranties to the accuracy of information. Broker and buyers are instructed to conduct their own studies and consult with their tax and legal advisors in all matters including property data, local laws, zoning, rent control, insurability, financing etc. * Contact listing agent for offering memorandum *
Location
State CA
County Los Angeles
Area Los Angeles (90038)
Zoning Assessor
Building
Lot Description Curbs
Story 2
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional
Space Rent $1,422
Listing Terms Cash, Conventional
Read Less Info
Listed by Levon Alexanian • Keller Williams World Media Center
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