433 South Wilton Place

Los Angeles, CA 90020

$1,645,000
Price
6
Beds
4
Baths
2,816 Sq. Ft.
$584 / Sq. Ft.
2,816
Sq. Ft.
$584
per Sq. Ft.

Description

We are pleased to present the opportunity to acquire this rare 6,632 SF development opportunity located in the prestigious Hancock Park neighborhood. The site offers a zoning ordinance of LAR3, with a Tier 3 TOC (70% density bonus). There is a 6-bedroom + 4-bathroom single-family residence currently on the lot, which may be delivered vacant, or tenant occupied. The property is currently being rented out by the individual bedroom to young professionals, as a co-living investment. The current total...We are pleased to present the opportunity to acquire this rare 6,632 SF development opportunity located in the prestigious Hancock Park neighborhood. The site offers a zoning ordinance of LAR3, with a Tier 3 TOC (70% density bonus). There is a 6-bedroom + 4-bathroom single-family residence currently on the lot, which may be delivered vacant, or tenant occupied. The property is currently being rented out by the individual bedroom to young professionals, as a co-living investment. The current total income is approximately $8,000/month.
  1. Listed by Davis Saadian • DRE #01921748 • Brokerage DRE #01854200 • KW Advisors

Property Details for 433 South Wilton Place

Zoning
LAR3
Parcel Number
5504020004
Total Units
1.0
Living Area
2816
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
100%
Lot Size Area
6634
LISTING UPDATED: 12/13/2024 12:01 AM

Property Details for 433 South Wilton Place

StatusActive
MLS #24-469469
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.15 AC / 6,634 SF
CountyLos Angeles County

Building Information for 433 South Wilton Place

Stories2Residences-Year Built1919Building Size-Lot Size0.15 AC / 6,634 SF

Property Information for 433 South Wilton Place

Community / Development
Community / Development
  • Number Of Units: 1
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: SFR
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $96,000
  • Net Operating Income: $64,286.00
  • Gross Income: $96,000
  • Gross Rent Multiplier: $17.00
  • Total Annual Expense: 31714
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1523
  • Lot Size Square Feet: 6634
  • Lot Size Dimensions: 50x132
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage, Other
  • Total Parking: 3
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Hardwood
  • Equipment: Range/Oven, Freezer, Refrigerator, Recirculated Exhaust Fan, Garbage Disposal, Dryer, Other, Washer, Ice Maker
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 12-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 6
  • Unit Baths: 4
  • Unit Furnished: Yes
  • Unit Rent: $8,000.00
  • Unit Actual Rent: $8,000.00
  • Unit Projected Rent: $10,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $260,100.00
  • Assessed Improvement Percent: 17.24
  • Assessed Land Value: $1,248,480.00
  • Assessed Land Percent: 82.76
  • Assessed Total Value: $1,508,580.00

Property History for 433 South Wilton Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 433 South Wilton Place

Taxable ValueLand$1,273,449Additions$265,302Total$1,538,751
Tax Record2024$18,900 ($1,575 / month)
Home Facts
Beds3Total Finished SqFt2,816 SqFtAbove Grade Finished SqFt2,816 SqFtStories2Lot Size6,632 SqFtStyleSingle Family ResidenceYear Built1919ZoningLAR3CountyLOS ANGELESAPN5504-020-004

Schools near 433 South Wilton Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Third Street Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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433 South Wilton Place is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on December 5, 2024 by KW Advisors, it's currently listed at $1,645,000. It has been on the market for a total of 16 days and was last sold on May 3, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Third Street Elementary School, Magnolia Science Academy 6 School and Fairfax Senior High School. 433 South Wilton Place is a 6-bed, 4-bath, 2,816 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Advisors, Davis Saadian, DRE #01921748

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.