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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 7 out of 9
$1,460,000 For Sale

1821 North Wilton Place
Hollywood, CA 90028

10 beds, 7 baths | Single Family Home
2,996 sq ft; lot: 8107 sq ft - MLS# SR18271606
Property Photo
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Description

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 investigat

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family
  • Listing Status: Active
  • County/Area: Los Angeles County
  • Zip Code: 90028
  • Year Built: 1917
  • Subdivision/Neighborhood: Hollywood (C20)
  • School District: Los Angeles Unified
  • Sq.Ft.: 2,996 sq ft
  • Stories: 2-Story
  • Bedrooms: 10
  • Full Baths: 7
  • Fireplace: Living Room, Fireplace
  • Lot Size: 8107 sq ft
  • Baths: 7
  • View: View
  • Zoning: RD 1.5
  • Agent License Number: 01954238
  • City Code: 10000059751
  • Common Walls: Detached/No Common Walls
  • Cooling Type: Central A/C
  • Lot Description: Sidewalks, Storm Drains, Street Lighting, Back Yard, Front Yard
  • Lot Size SQ FT: 8107
  • Lot Size Source: Public Records
  • Rooms: BonusRoom, FamilyRoom
  • Status: Active
  • Total Floors: 2
  • 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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