Property Detail

Description

Wilton Place Apartments - a 12-unit 1917 Craftsman in the heart of Hollywood, gut-renovated in 2021, offered at $2,850,000. Ten renovated studios, a newly built detached 2-bed/2-bath ADU (master-leased) and a live/work penthouse, plus a 10-space on-site parking lot. Character details include stained glass and original staircases. Priced at a 7.19% in-place cap rate on the buyer's reassessed tax basis, with upside from leasing the vacant parking spaces, studio mark-to-market and by-right ADU density. Buyer to verify all figures, unit legality and square footage.