626 N WILTON Place, Los Angeles, CA 90004
Property · 2 recorded sales since 2019
Sold April 2019
Listing Agent: Neema Ahadian (DRE #01346750) · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Neema Ahadian · Marcus & Millichap · MLS #19429354 · Source: CRMLS
About this property
626 & 632 North Wilton Place is a 1923 multifamily property with twelve one-bedroom/one-bathroom units across six bungalow-style buildings on a large lot with a 1:1 parking ratio. Less than one block south of Melrose Avenue and within walking distance to Paramount Studios, the property straddles East Hollywood and Koreatown, a burgeoning pocket in the Los Angeles real estate market.The property is currently zoned R3-1, there are two projects planned for development, a 34-unit and an 88-unit, both on Wilton within walking distance of this offering.This is a true value-add opportunity for an investor to acquire an asset that has substantial upside through renovations or redevelopment, meeting the strong market rents in an emerging, and highly desirable demand for bungalow type units with parking.
Listing description from the April 2019 sale, as reported to CRMLS.
Sale history
