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523 S Wilton Pl
For Sale $1,600,000 ($456.62 per Sq Ft)
$1,600,000 ($456.62 per Sq Ft)
- 5 Bedrooms
- 4.00 Bathrooms
- 3,504 Sq Ft
- 8,536 Sq Ft
Description
Welcome to 523 S Wilton Place, a classic 2-story Craftsman TRIPLEX home located in the ever desirable Hancock Park neighborhood. This spacious 5 bedroom, 4 bathroom residence spans over 3,500 sq ft with bonus spaces on an oversized 8,550 sq ft lot with 2 SEPARATED BUILDINGS, offering a rare opportunity with LAR3 ZONING for potential development or expansion! Classic architectural details, original woodwork, and generous proportions give the home a warm, timeless feel. Whether you're looking to restore its historic beauty or reimagine it as a modern multi-unit investment, the possibilities are endless! Currently the home is entirely an income property, with the front home strategically set up as a co-living space to maximize rents! The separated home in the back consist of 2 units--one 1-bed 1-bath and one studio 1-bath which are both tenant occupied at market rents. Delivered fully occupied, vacant, or partially vacant upon request, this is a rare chance to own a piece of LA history with room to grow. Perfect for investors, or potential homeowners with the option to become a landlord, this home has endless potential and possibilities. Come see it today!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,600,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 3,504 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1913 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5504019022 |
| MLS # | 25533963 |
| Property ID | 292863056 |
| Lot Sqft | 8,536 |
| Zoning | LAR3 |
| Total Units | 3 |
| Days on Market | 20 |
| Original List Price | $1,600,000 |
| Date Updated | May 17, 2025 |
| Date Created | May 03, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.00 | $6,000 | $6,000 |
| Unit #2 | 1 | 1.00 | $2,300 | $2,300 |
| Unit #3 | 0 | 1.00 | $2,000 | $2,000 |
| Gross Income (Yr) | $ 123,600 |
| Operating Expenses | $ 34,000 |
| Net Income (Yr) | $ 89,600 |
Listing Provided By
Jeremy Kim an agent of . Lic #02045187
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