5 Units - Distressed Sale

$1,150,000

1608 S Wilton Pl

# of Units: 5

GRM: 11.69

CAP Rate: 5.87%

Price/SF: $236

Building SF: 4,880

Lot SF: 8,912

Zoning: R2-1-CPIO

Year Built: 1912-1960

Description

  • BUILDING IS IN REAP & OWNER IS IN DEFAULT ON LOAN!

  • LENDER IS INTERESTED IN COOPERATING ON SHORT SALE

  • HUGE, 2,480 SF FRONT STRUCTURE NEEDS TO BE CONVERTED FROM NON-CONFORMING DUPLEX BACK TO SFR

  • MAJOR UPSIDE! FRONT HOUSE COULD RENT FOR $3,750+ AFTER REMODEL! REAR 4 UNITS ARE ALL 2BR'S & RENT FOR $1,225 ON AVG

  • GREAT LOCATION NEAR VENICE & WESTERN

  • HUGE VALUE ADD OPPORTUNITY FOR EXPERIENCED INVESTOR!

 

Location

Nestled in the heart of Arlington Heights and right next to Koreatown, 1608 S Wilton Pl provides an amazing potential to investors.  Due to sitting right off of Venice Blvd, this location provides great value for tenants looking to experience all that Los Angeles has to offer.  This location provides easy access to DTLA, Hollywood, and the rest of Los Angeles.  Additionally, the parking is located throughout the fenced lot and the front motorized gate offers a more private and secure entrance.  Lastly, with the lot sitting in a prime location, dining experiences, entertainment options, and shopping boutiques are always within reach. 

Property Highlights

  • 5 Units | 4,880 SF | 8,912 SF Lot

  • Two (2) Structures on a Sizable Lot

  • (4) 2BD+1BA & (1) 6BD+2BA 

  • 2BD Units Avg 600 SF Each & 3BD Unit is 2,480 SF.

  • Built in 1912-1960 | Zoned [Q]R3-1 

Please Send Me More Infomation On This Listing
Call Me Today!

Tel: 310.562.9630 

Email: DMendez@kw.com

DRE #: 01746702

IncomePropertiesLA.com

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