We are proud to announce the exclusive listing for sale of 747 North Wilton Place, Los Angeles, CA 90038, a beautiful, renovated and delivered vacant duplex located in world-famous Hollywood.
There are two structures on the property, a large side-by-side duplex and a two-car garage (which can be converted to an ADU), and there is an immense front yard and backyard space (perfect for adding more privacy for tenants), and/or accommodating multiple parking spaces in the front and back.
This property is extremely well-maintained, and better yet, it underwent a top to bottom renovation from the inside and out over the last two years.
The property is charming from the outside, but incredibly updated on the inside. The duplex consists of two two-bedroom / two-bathroom units with about 900 SF each. The total building square footage is 1,800 and is located on a 6,074 square foot lot, zoned LAR2.
Though the property will be delivered vacant to you, the Seller has rented both units to long-term corporate and business travelers, which has averaged $5,000+ per month, per unit, over the last two years.
Based on these financials (or just renting to a standard long-term tenant), this will provide you with an amazing 6% cap rate and 5% cash-on-cash return (which is unheard of in this type of neighborhood).
747 Wilton is located in prime Hollywood, near Hancock Park, Larchmont Village and world-famous Paramount Studios. Corporate and business travelers, and local renters love everything prime Hollywood and its surrounding neighborhoods have to offer.
Do not miss this incredible opportunity to buy a fully renovated duplex in one of the most famous cities in the world, which will be delivered vacant to you and make you an huge amount of money.