543 S Wilton Place

    Los Angeles (City), CA 90020
    • $2,375,000
    • STATUS: Active
    • ON SITE: 178 days
    • ID#: 19479082
    Price Reduced
    UPDATED: 69 min ago
    $2,375,000
    • 5
      BEDS
    • 0.23
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 3,866
      SQFT
    • $614
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1917
    County:

    School Ratings & Info

    Description

    NEW PRICE! We are pleased to present for sale an R3 (TOC Tier 3), development opportunity located in the heart of KOREATOWN! This is a prime opportunity to build on an oversized lot less than half a mile from the Wilshire/Western Metro station, CGV Cinemas, and all the shopping and dining Koreatown has to offer! The proximity to local amenities and easy access to transportation makes this an ideal investment for developers and investors looking for top rents! Lot size is approximately 10,113 sqft, meaning a developer can build 12 units by right or up to 23 units utilizing the new TOC regulations. Home is currently being run as a pre-school by the owner. Many options to collect cash while going through the lengthy permitting process: AIRBNB, short-term rentals, or run your own pre-school! Don't miss this opportunity to build in one of the hottest areas of Los Angeles! No tenant relocation or rent control here! Buyer to verify all zoning and regulations with LADBS and the city of LA.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-13T15:33:53.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.

    www.tolivebythesea.com/homes/96018987

    543 S Wilton Place Los Angeles (City), CA 90020

    • Price: $2,375,000
    • Status: Active
    • Updated: 69 min ago
    • ID#: 19479082
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.23
    Acres
    3,866
    SQFT
    $614
    $/SQFT
    1917
    Built
    Neighborhood:
    HPK - Hancock Park
    County:
    Los Angeles
    Area:
    HPK - Hancock Park
    Property Description
    NEW PRICE! We are pleased to present for sale an R3 (TOC Tier 3), development opportunity located in the heart of KOREATOWN! This is a prime opportunity to build on an oversized lot less than half a mile from the Wilshire/Western Metro station, CGV Cinemas, and all the shopping and dining Koreatown has to offer! The proximity to local amenities and easy access to transportation makes this an ideal investment for developers and investors looking for top rents! Lot size is approximately 10,113 sqft, meaning a developer can build 12 units by right or up to 23 units utilizing the new TOC regulations. Home is currently being run as a pre-school by the owner. Many options to collect cash while going through the lengthy permitting process: AIRBNB, short-term rentals, or run your own pre-school! Don't miss this opportunity to build in one of the hottest areas of Los Angeles! No tenant relocation or rent control here! Buyer to verify all zoning and regulations with LADBS and the city of LA.
    Exterior Features

    Architectural Style See Remarks Lot Size Units Square Feet Parking Features Other Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View See Remarks View YN Yes

    Interior Features

    Bathrooms Full 3 Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Common Walls No Common Walls Cooling See Remarks Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Flooring See Remarks Heating See Remarks Heating YN Yes Laundry Features See Remarks Room Type See Remarks

    Property Features

    Laundry YN Yes Property Sub Type Single Family Residence Special Listing Conditions Standard Zoning Lar3

    Listing provided courtesy of Daniel Shamooelian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-12-13T15:33:53.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.

     
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