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Stacy Charlton

Stacy Charlton
CalBRE License #: 01278325
RE/MAX Empower
Burbank, CA 91502

818-434-6683
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Listing 7 out of 14
$1,460,000 For Sale

1821 N Wilton Place
Hollywood, CA 90028

10 beds, 7 baths | Single Family Home
2,996 sq ft; lot: 8107 sq ft - MLS# SR18271606
Property Photo
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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.

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family Residence
  • Listing Status: Active
  • Zip Code: 90028
  • Year Built: 1917
  • School District: Los Angeles Unified
  • Sq.Ft.: 2,996 sq ft
  • Stories: Two
  • Bedrooms: 10
  • Full Baths: 7
  • Fireplace: Living Room, Yes
  • Lot Size: 8107 sq ft
  • Baths: 7
  • View: Neighborhood, Yes
  • Zoning: RD 1.5
  • Area: C20 - Hollywood
  • Community Features: Sidewalks, Storm Drains, Street Lighting
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Just south of Franklin and North of Hollywood Blvd, westside of North Wilton Place
  • Listing Agent License: 01954238
  • Listing Office License: 01367663
  • Lot Features: Back Yard, Front Yard
  • Lot Size Area: 8107.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Main Level Bathrooms: 7
  • Main Level Bedrooms: 10
  • Major Change Type: New Listing
  • Room Type: Bonus Room, Family Room
  • Sewer: Public Sewer
  • Stories Total: 2
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Hudson Commercial Partners, In, Jay Martinez



Stacy Charlton | 818-434-6683 | Email Me
707 S Victory Blvd - Burbank, CA 91502
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