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

1821 N Wilton Place, Hollywood, CA 90028 (MLS # SR18271606)

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PRICE $1,460,000
BEDS 10
BATHS 7 full
HOME SIZE 2,996 sq ft
LOT SIZE 8,107 sqft

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.

DAYS ON MARKET 67 LAST UPDATED 11/16/2018
YEAR BUILT 1917 COMMUNITY Hollywood
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential, Single Family Residence

SCHOOLS
School District Los Angeles Unified


ADDITIONAL DETAILS
COMMONWALLS No Common Walls
COMMUNITYFEATURES Sidewalks, Storm Drains, Street Lighting
COOLING Central
ELEVATIONUNITS Feet
FIREPLACEFEATURES Living Room
LAUNDRYFEATURES None
LEVELS Two
LISTAGENTSTATELICENSE 01954238
LIVINGAREAUNITS Square Feet
LOTFEATURES Back Yard, Front Yard
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE New Listing
MLSAREAMAJOR C20 - Hollywood
POOLFEATURES None
PROPERTYSUBTYPE Single Family Residence
PROPERTYTYPE Residential
ROOMTYPE Bonus Room, Family Room
SEWER Public Sewer
SPECIALLISTINGCONDITIONS Standard
VIEW Neighborhood
WATERSOURCE Public
YEARBUILTSOURCE Assessor

ZESTIMATE
$990151  1821 N Wilton Place, Hollywood, CA

RENT ZESTIMATE
$3700 / mo.  1821 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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