Property
Beds
6
Full Baths
4
1/2 Baths
None
Year Built
1919
Sq.Footage
2,816
Welcome to 433 South Wilton Place, a beautifully remodeled 6 bedroom, 4 bathroom home located in the prestigious Hancock Park neighborhood within the highly sought after Third Street School District. This stunning residence offers over 2,800 square feet of living space on a spacious 6,632 square foot lot, combining timeless charm with modern upgrades for a truly comfortable living experience. The home features a bright, open floor plan with dual master suites and an expansive chef's kitchen that includes an oversized center island, breakfast bar, and generous counter space for cooking and entertaining. Every detail has been thoughtfully updated, including new plumbing, a fully rewired electrical system with a 200 amp panel, waterproof flooring, dual pane windows, and newly renovated bathrooms. The property is currently leased by the bedroom to young professionals and international students, generating approximately $6,600 per month in rental income, with a total market rent potential of around $8,300. The property can be delivered either occupied as an income property or vacant for an owner user. The lot is zoned LAR3 and falls under Tier 3 TOC, allowing the potential to build up to eight units by right or thirteen with TOC incentives. The expansive backyard offers ample space for a future ADU, pool, or additional development.With its prime location, modern finishes, and exceptional zoning potential, this property represents a rare opportunity for both homeowners and investors in one of Los Angeles' most desirable neighborhoods. (Per county records, the property shows 3 bedrooms and 6 bathrooms. Buyer to verify.)
Features & Amenities
Interior
-
Other Interior Features
Ceiling Fan(s)
-
Total Bedrooms
6
-
Bathrooms
4
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Garage, Gated
-
Pool
Yes
-
Pool Features
None
-
View
City Lights
Area & Lot
-
Lot Size(acres)
0.1523
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
SeeRemarks
Price
-
Sales Price
$1,499,000
-
Sq. Footage
2, 816
-
Price/SqFt
$532
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of H. Jason Yang , GAIA
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