5 Units - Distressed Sale
1608 S Wilton Pl
# of Units: 5
CAP Rate: 5.87%
Building SF: 4,880
Lot SF: 8,912
Year Built: 1912-1960
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!
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.
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