Buy and Sell with Billy Wynn
Billy Wynn
818-616-6935818-616-6935

1815 N Wilton Place, Hollywood, CA 90028 (MLS # SR18271564)

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PRICE $1,590,000
BEDS 10
BATHS 8 full
HOME SIZE 3,238 sq ft
LOT SIZE 8,782 sqft

This is a two-story Spanish Palladian single family residence currently being used as an income property, along with a detached Guest house. It currently brings in $9,310 per month, with one vacancy which usually rents out for $900 per month. The property will not be delivered empty at close of escrow, 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 is consistly over $110,000, making this property +/- 4.6 CAP RATE ON EXISITING 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. Guest house adds an additional 346 square feet to the leasable square footage on the premises, tax assessors show 2,892 square feet. Buyer to conduct their own independent investigations, Agents nor Seller makes no representations or warranties implied or expressed. The large lot provides plenty of rear parking with striped spaces in the backyard.

DAYS ON MARKET 67 LAST UPDATED 11/16/2018
YEAR BUILT 1916 COMMUNITY Hollywood
GARAGE SPACES 1.0 COUNTY Los Angeles
TOTAL PARKING 1 STATUS Active
PROPERTY TYPE(S) Residential, Single Family Residence

SCHOOLS
School District Los Angeles Unified


ADDITIONAL DETAILS
ARCHITECTURALSTYLE Spanish
COMMONWALLS 2+ common walls
COMMUNITYFEATURES Sidewalks, Storm Drains, Street Lighting
COOLING Central
ELEVATIONUNITS Feet
FIREPLACEFEATURES Family Room
FOUNDATIONDETAILS Raised
LAUNDRYFEATURES Community
LEVELS Two
LISTAGENTSTATELICENSE 01954238
LIVINGAREAUNITS Square Feet
LOTFEATURES Back Yard, Front Yard
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE New Listing
MLSAREAMAJOR C20 - Hollywood
OTHERSTRUCTURES Guest House Detached
PARKINGFEATURES Driveway - Concrete, Garage - Single Door, On Site, Unassigned
PATIOANDPORCHFEATURES Porch - Front
POOLFEATURES None
PROPERTYCONDITION Fixer
PROPERTYSUBTYPE Single Family Residence
PROPERTYTYPE Residential
ROADFRONTAGETYPE City Street
ROADSURFACETYPE Paved
ROOMTYPE See Remarks
SEWER Public Sewer
SPECIALLISTINGCONDITIONS Standard
VIEW Neighborhood
WATERSOURCE Public
YEARBUILTSOURCE Assessor

ZESTIMATE
$1766651  1815 N Wilton Place, Hollywood, CA

RENT ZESTIMATE
$6044 / mo.  1815 N Wilton Place, Hollywood, CA

84 Very Walkable



 
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Listing provided by : Jay Martinez License # 01954238, Hudson Commercial Partners, In

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