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    632 N Wilton Place

    Los Angeles (City), CA 90004
    • $2,800,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 21695662
    UPDATED: 164 min ago
    $2,800,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Located between Melrose Ave and Beverly Blvd, the subject property features two parcels totaling 13,615 in the heart of the Hollywood StudioDistrict adjacent to the Hollywood Historic Hotel.The current structures consist of twelve bungalow-style units consisting of one-bedroom units which will be delivered100% vacant, no relocations or buyouts necessary.This offering presents a developer the opportunity to purchase a sizable lot ideal for a multifamily development project. The parcels are currently zoned R3-1; there are no plans or entitlements in-place currently. This is an opportunity for a developer to build17 units by-right.The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 90 and offers direct access to the 101 Freeway and a short walk to the Metro Local Lines on Western & Melrose

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
    www.steelecanyonrealty.com/homes/114378728
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    632 N Wilton Place Los Angeles (City), CA 90004

    • Price: $2,800,000
    • Status: Active
    • Updated: 164 min ago
    • ID#: 21695662
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    Located between Melrose Ave and Beverly Blvd, the subject property features two parcels totaling 13,615 in the heart of the Hollywood StudioDistrict adjacent to the Hollywood Historic Hotel.The current structures consist of twelve bungalow-style units consisting of one-bedroom units which will be delivered100% vacant, no relocations or buyouts necessary.This offering presents a developer the opportunity to purchase a sizable lot ideal for a multifamily development project. The parcels are currently zoned R3-1; there are no plans or entitlements in-place currently. This is an opportunity for a developer to build17 units by-right.The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 90 and offers direct access to the 101 Freeway and a short walk to the Metro Local Lines on Western & Melrose
    Exterior Features

    Lot Size Source Other Lot Size Units Square Feet View None View YN No

    Property Features

    Additional Parcels YN Yes Country Us Senior Community YN No Special Listing Conditions Standard Zoning R3-1

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-11T00:25:45.477. 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 deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
     
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    5923 Severin Drive
    La Mesa CA, 91942