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MLS:24-390319

508 Wilton, Los Angeles, CA 90020

Priced at: $1,680,000
Bedrooms:
4
Bathrooms (Full):
2
Bathrooms (Half):
0
Living Area SqFt:
2,511 Sq Ft
Lot SqFt:
6,173 Sq Ft
Year Built:
1918
Exceptional development opportunity! Prime location adjacent to Hancock Park!!! This property is ideal for substantial development, featuring R3-2 zoning which offers a generous Floor Area Ratio (FAR) of 6 and allows for building heights of up to 75 ft / 6+ stories by-right far more accommodating than the restrictive R3-1 zoning. It's also perfect for affordable housing projects, as it is part of Los Angeles's Adaptive Reuse Program and primarily valued for its land. Additionally, this site is eligible for Executive Directive 1 (ED1) and falls within both the Citywide Housing Incentive Program area and Tier 3 of the TOC program, significantly enhancing its development potential. The details provided are intended as a preliminary guide for comprehensive due diligence. Buyers and their representatives are advised to independently verify all particulars, including dimensions, estimates, fees, costs, and projections through their investigations and expert consultations. While agents strive to provide accurate information, no guarantees or warranties are made regarding its accuracy. All parties are encouraged to conduct their own detailed investigations.

Fees

Features

Equipment/ Appliances:
  • Dishwasher
  • Built-Ins
  • Alarm System
  • Garbage Disposal
  • Range/Oven
Security Info:
  • Carbon Monoxide Detector(s)
  • Prewired for alarm system
  • Smoke Detector
Parking:
  • Garage - 2 Car
  • Garage Is Detached
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MLS: 24-390319
508 Wilton, Los Angeles, CA 90020
Price: $1,680,000
Listing courtesy of The Selected Properties

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"Property information shown has been provided from various sources, which can include the seller and/or public records. It is believed reliable but not guaranteed and should not be relied upon without independent verification."

Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. All dimensions are estimates only and may not be exact measurements. Square Footages are approximate. Floor plans and development plans are subject to change. The sketches, renderings, graphic materials, plans, specifics, terms, conditions and statements are proposed only, and the developer, the management company, the owners and other affiliates reserve the right to modify, revise or withdraw any or all of same in their sole discretion and without prior notice. All pricing and availability is subject to change. The information is to be used as a point of reference and not a binding agreement.

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