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$1,650,000
Est. payment /mo
7,335 Sqft Lot
UPDATED:
12/05/2024 05:10 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR24182849
HOA Y/N No
Year Built 1962
Lot Size 7,335 Sqft
Property Description
We are pleased to offer for sale this great investment opportunity for astute investors in prime Hollywood.
The Wilcox Place apartments are nestled in the heart of Hollywood, arguably one of the most recognized neighborhoods in the world.
Comprised of 86% 2 bedrooms units, this rare offering is being offered at considerably attractive $235K per unit and low $281 per sf. Being cared for by the same family for decades, the offering provides roughly 60% of rental upside subject to LA RSO. Some units provide great views, generous balconies and ample parking.
With a WalkScore of 89, tenants can access the Hollywood strip in 5 minutes and west Hollywood in just 2 minutes. 15-minute walk to the Hollywood & Vine Red Line station, 15-minute drive to Downtown Los Angeles, equips tenants with accessibility in day and age with increased traffic & travel times.
The surround location in the epicenter of high income creative workforce, with the Sunset Las Palmas studios steps away, Sunset Gower studio, less than 1 mile, The massive upcoming Echelon studios coming on in 2025, Paramount Studios, Netflix and others all in walking distance.
Seller and its agent make no promises or warranties to the accuracy of information. Broker and buyers are instructed to conduct their own studies and consult with their tax and legal advisors in all matters including property data, local laws, zoning, rent control, insurability, financing etc.
* Contact listing agent for offering memorandum *
The Wilcox Place apartments are nestled in the heart of Hollywood, arguably one of the most recognized neighborhoods in the world.
Comprised of 86% 2 bedrooms units, this rare offering is being offered at considerably attractive $235K per unit and low $281 per sf. Being cared for by the same family for decades, the offering provides roughly 60% of rental upside subject to LA RSO. Some units provide great views, generous balconies and ample parking.
With a WalkScore of 89, tenants can access the Hollywood strip in 5 minutes and west Hollywood in just 2 minutes. 15-minute walk to the Hollywood & Vine Red Line station, 15-minute drive to Downtown Los Angeles, equips tenants with accessibility in day and age with increased traffic & travel times.
The surround location in the epicenter of high income creative workforce, with the Sunset Las Palmas studios steps away, Sunset Gower studio, less than 1 mile, The massive upcoming Echelon studios coming on in 2025, Paramount Studios, Netflix and others all in walking distance.
Seller and its agent make no promises or warranties to the accuracy of information. Broker and buyers are instructed to conduct their own studies and consult with their tax and legal advisors in all matters including property data, local laws, zoning, rent control, insurability, financing etc.
* Contact listing agent for offering memorandum *
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5533010021
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Trust
Lease Land No
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Listed by Levon Alexanian • Keller Williams World Media Center • info@alexanianadvisors.com
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