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Image 1 - South Wilton Place, Los Angeles, CA 90005, USA - Townhouse for sale

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French Normandy, Residential Income

South Wilton Place, Los Angeles, CA 90005, USA

French Normandy, Residential Income

townhouse for sale

37 views

Listed: 02/13/23

South Wilton Place, Los Angeles, CA 90005, USA

Studio Bed:

1 Bath:

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Price

$ 4,1M

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About This Townhouse

We are pleased to present 821 S Wilton Place, a Character French Normandy style 2-story, 20-unit value-add multi-family investment opportunity with 41%+ rental upside potential, located in the highly desirable Hancock Park adjacent submarket of Los Angeles, just west of Western Ave and south of Wilshire Blvd. Built in 1938, the building is comprised of 19 studios and 1 (1+1) units that average approximately 540+ gross square feet. Additionally, there are two non-conforming/bonus units in the basement, affording an investor the flexibility to capitalize on the potential addition of accessory dwelling units (ADU). The10, 786square foot structure is situated on an8, 999square foot LAR3 zoned lot. The property includes a rear backyard featuring mature pine trees, providing ample shade to … Full description

Amenities

Take a stroll in your own garden Garden

Property Also Includes

Parking
Hardwood Floors
Fuel Heating Natural Gas
Architecture French

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Koreatown Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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