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1821 Wilton Place, Hollywood, CA 90028

10 Bed, 7 Bath Single Family Home For Sale

1821 Wilton Place, Hollywood, CA 90028 Home For Sale - MLS #SR18271606
Off the Market
$1,460,000
10
7
Single Family
This listing is courtesy of Jay Martinez from Hudson Commercial Partners, In.

Property Description for 1821 Wilton Place, Hollywood, CA 90028

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 investigat

Interior Details

2,996 sq. ft.
$487.32/sq. ft.
Public; Water District

Exterior Details

0.19 acres
8,107 sq. ft.

Other Details

SR18271606
1917
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$9,236

Town Description

Hollywood is a neighborhood in Los Angeles, California - situated west-northwest of Downtown Los Angeles. Due to its fame and cultural identity as the historical center of movie studios and movie...

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