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$ 1,390,000
Est. payment | /mo
4 Beds
3,504 SqFt
$ 1,390,000
Est. payment | /mo
4 Beds
3,504 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,504 sqft
Price per Sqft $396
MLS Listing ID CL25615325
Bedrooms 4
HOA Y/N No
Year Built 1913
Lot Size 8,536 Sqft
Acres 0.2
Property Sub-Type OTHER
Property Description
Welcome to 523 South Wilton Place, a classic two story triplex located in the desirable Hancock Park neighborhood. This property spans over 3,500 square feet on an oversized 8,550 square foot lot with two separate buildings, offering a rare opportunity for both investors and developers. Zoned LAR3, the property provides excellent potential for expansion or future development. The front structure features a 3 bedroom 2 residence, while the rear building includes 2 fully renovated units, a one bedroom one bathroom unit and a studio, both tenant occupied at market rents. Whether you choose to buy and hold for steady cash flow, add ADUs for additional income, or redevelop with the potential to build up to 14 units (buyer to verify), this property offers endless possibilities.Located in a central and highly walkable area of Los Angeles, the property offers convenient access to Koreatown, Larchmont Village, and major employment and retail centers. This is a rare opportunity to own a multi-unit property in one of the city's most in-demand neighborhoods with strong rental upside and long-term growth potential.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Dryer, Washer, Inside
Building
New Construction No
Others
Tax ID 5504019022
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by H. Jason Yang • GAIA
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