912 Wilton PlLos Angeles, CA 90038

This exceptional 5-unit apartment building presents a compelling investment opportunity in the heart of Hollywood, CA. The 3,166 square foot property, situated on a sizable 7,055 square foot lot (APN 5535-008-001), boasts a desirable unit mix: one studio, two one-bedroom/one-bathroom, and two two-bedroom/one-bathroom units. Each unit features separate gas and electric meters, enhancing efficiency and tenant management. Four parking spaces are available for residents. Built in 1941, the building benefits from a new roof installed in 2010. Located on Wilton Place, between Melrose Avenue and Santa Monica Boulevard, this property enjoys a "Very Walkable" designation with a score of 89 out of 100, providing easy access to numerous amenities. Nearby attractions include Chick-Fil-A, Osteria La Buca, and Dave's Hot Chicken, along with various restaurants, grocery stores, and parks. The property's proximity to major studios like Paramount and Netflix, and numerous production and post-production houses, ensures a stable tenant base and high demand. Its central location offers convenient access to the 101 Freeway and vibrant neighborhoods such as Echo Park, Sunset Junction, Silverlake, Koreatown, Hollywood, Downtown LA, and West Hollywood. The asking price is $1,000,000, representing $200,000 per unit, with significant rental upside potential. Note that this Los Angeles property is subject to LA Rent Control.