Description

1803 N Wilton Place is a beautiful 1920’s sixteen-unit apartment community in Hollywood (90028). The offering offers investors a unique and rare opportunity to acquire an irreplaceable asset with meaningful rental upside in one of LA’s most dynamic and stable markets. 1803 N Wilton Place was built in 1925 and consists of 9,377 SF of improvements. The building consists of sixteen (16) large Studio apartment units. The property is sited on a +/- 6,756 square foot parcel, zoned LARD1.5. Each unit is separately metered for electricity, and the building is master metered for gas. Additionally, as an added amenity, there’s a laundry room for tenant use–the machines are owned. 1803 N Wilton Place is teeming with original details throughout the property. The facade offers authentic craftsmanship in keeping with the building’s 1920s design. There are stained glass windows, carved etchings, and ornate wrought iron. These also are not your ordinary Studio apartments. The units are large and full of original character, including original hardwood floors, multiple built-in storage options, and a walk-in closet large enough to possibly fit a Murphy Bed. With its prime location in Hollywood, 1803 N Wilton Place is an outstanding rental location for residents looking for immediate access to major Hollywood employers, services, and entertainment venues. Additionally, the proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity and long-term wealth preservation and appreciation.