1016 Wilcox Avenue, Los Angeles, CA 90038

About this property

We are pleased to present 1016 N Wilcox Avenue, located in the prime Hollywood 90038 zip code. This property presents an exciting value add investment opportunity with low in place current rents & strong upside potential.Existing upgrades include new windows throughout, completed seismic retrofit work, providing added safety and peace of mind for tenants. In addition, on-site laundry facilities make this property an attractive option for renters. Several of the units have already been upgraded with new floors, quartz counter tops, new cabinetry & stainless steel appliances, providing nice appeal for tenants & a head start on improvements for the next owner. The central location of 1016 N Wilcox Avenue is also a major selling point, situated within close proximity to all the popular Hollywood shops, restaurants, businesses, and night life. This convenience factor is sure to be a draw for potential tenants. Furthermore, the area is experiencing an influx of new construction at higher rental costs, which surely will drive value seeking, would be renters to nearby, more affordable residences such as what 1016 N Wilcox offers.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$2,390,000

Sold May 2023 · listed $2,445,000, on market March 2023 · MLS #23250105 · Source: CRMLS

Listing Agent: Glenn Brander · Listing Office: Miller & Desatnik Realty Co. · Contact: 310-202-9166 · Bought with: Glenn Brander · Miller & Desatnik Realty Co.

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