Wilton Place Apartments - a 12-unit 1917 Craftsman in the heart of Hollywood, gut-renovated in 2021, offered at $3,000,000. Ten renovated studios, a newly built detached 2-bed/2-bath ADU (master-leased) and a live/work penthouse, plus a 10-space on-site parking lot. Character details include stained glass and original staircases. Priced at a 5.37% in-place cap rising to a 6.18% pro forma, with upside from leasing the vacant parking spaces, studio mark-to-market and by-right ADU density. Buyer to verify all figures, unit legality and square footage. Wilton Place Apartments - a 12-unit 1917 Craftsman in the heart of Hollywood, gut-renovated in 2021, offered at $3,000,000. Ten renovated studios, a newly built detached 2-bed/2-bath ADU (master-leased) and a live/work penthouse, plus a 10-space on-site parking lot. Character details include stained glass and original staircases. Priced at a 5.37% in-place cap rising to a 6.18% pro forma, with upside from leasing the vacant parking spaces, studio mark-to-market and by-right ADU density. Buyer to verify all figures, unit legality and square footage.
Listing courtesy of Listing Agent: Logan Altman (310-903-0222) from Listing Office: Altman Apartments LLC.
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