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Gail Mercedes Cole
The Hills Premier Realty
 9595 Wilshire Blvd, Ste #900, 

Beverly Hills, CA 90212

310-853-9933
Contact Me

" Selling Dreams and Lifestyles"

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Listing 8 out of 9
$1,590,000 For Sale

1815 North Wilton Place
Hollywood, CA 90028

10 beds, 8 baths | Single Family Home
3,238 sq ft; lot: 8782 sq ft - MLS# SR18271564
Property Photo
1/37

Description

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. B

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family
  • Listing Status: Active
  • County/Area: Los Angeles County
  • Zip Code: 90028
  • Year Built: 1916
  • Subdivision/Neighborhood: Hollywood (C20)
  • School District: Los Angeles Unified
  • Sq.Ft.: 3,238 sq ft
  • Style: Spanish
  • Stories: 2-Story
  • Bedrooms: 10
  • Full Baths: 8
  • Garage: 1-Car
  • # of Parking Spaces: 1
  • Fireplace: Family Room, Fireplace
  • Lot Size: 8782 sq ft
  • Baths: 8
  • View: View
  • Agent License Number: 01954238
  • City Code: 10000059751
  • Common Walls: Attached
  • Cooling Type: Central A/C
  • Foundation Details: Raised Foundation
  • Laundry Locations: Community
  • Lot Description: Sidewalks, Storm Drains, Street Lighting, Back Yard, Front Yard
  • Lot Size SQ FT: 8782
  • Lot Size Source: Public Records
  • Parking Features: Driveway - Concrete
  • Parking Type: Garage Is Attached, Garage - Single Door, Parking for Guests - Onsite, Unassigned
  • Patio Features: Porch - Front
  • Status: Active
  • Total Floors: 2
  • Total Garage Spaces: 1
  • Water: Public, Water District
Courtesy of Hudson Commercial Partners, In, Jay Martinez (CalBRE: 01954238)


Gail Mercedes Cole (310) 853-9933

The Hills Premier Realty
9595 Wilshire Blvd, Ste #900, Beverly Hills, CA 90212
Beverly Hills, CA 90212

This is not intended as a solicitation of prospective buyers or sellers who already have an exclusive agency agreement with another agent. All information deemed accurate but not guaranteed, CalDRE#00788828
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