1821 N Wilton Place Hollywood, 90028

Bedrooms:
10
Bathrooms:
7
Square Feet:
2,996 sqft
Price $1,460,000 .00
Approx /month
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Sale Price:
$1,460,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$0
Insurance: (year)
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Property 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 investigations, Agents nor Seller makes no representations or warranties of any kind implied or expressed. The large lot provides plenty of rear parking for tenants with striped spaces on the side and backyard.

General Information

Price:
$1,460,000
Status:
Listing Updated:
11/16/2018
List Date:
11/11/2018
Square Feet:
2,996
Bedrooms:
10
Bathrooms:
7
Garage Spaces:
0
Year Built:
1917
City:
Hollywood
Zip:
90028
County:
Los Angeles
MLS ID:
SR18271606
Listing Broker:
Hudson Commercial Partners, In

Home Features

Interior Features:
Exterior Features:
Kitchen Features:
Eating Area:
Bath Features:
Appliances:
Flooring:
Laundry:
None
Architectural Style:
Levels:
Two
Fireplace Features:
Living Room
Cooling:
Central
Heating:
Utilities:
Pool Type Features:
None
Spa Features:
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Public Sewer
Rooms Included:
Bonus Room,Family Room
Accessibility Features:

Community Information

MLS Area:
C20 - Hollywood

Lot Information

Lot Size (sq feet):
8,107

Location Information

Directions:
Just south of Franklin and North of Hollywood Blvd, westside of North Wilton Place