433 S Wilton Place, Los Angeles, California 90020, Los Angeles, 90020 - 6 bed, 4 bath

433 S Wilton Place, Los Angeles, California 90020 home-pic-0
ACTIVE$1,625,000
433 S Wilton Place, Los Angeles, California 90020
6Beds
4Baths
2,816Sqft
6,634Lot
Year Built
1919
Close
-
List price
$1.63M
Original List price
$1.63M
Price/Sqft
$577
HOA
-
Days on market
-
Sold On
-
MLS number
25507057
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros.

Welcome to The Wilton Place, an exquisitely remodeled contemporary home located in the prestigious Hancock Park neighborhood, within the coveted Third Street School District. This stunning property at 433 S Wilton offers over 2,816 square feet of refined living space, blending classic architectural charm with modern updates for a truly sophisticated living experience. Nestled in the heart of Windsor Square, this meticulously maintained single-family residence features six bedrooms and four bathrooms, including multiple spacious master suitesideal for families or individuals who seek both comfort and functionality.The home's open floor plan seamlessly flows into a bright, airy family room, filled with natural light from newly installed dual-pane windows. The chef-inspired kitchen is a true highlight, boasting a 10-foot center island, breakfast bar, and generous counter space perfect for meal prep and entertaining. A striking backsplash adds a pop of elegance, complementing the custom two-toned shaker cabinetry.The home has been thoughtfully updated with a fully rewired electrical system, a new 200-amp panel, brand-new plumbing, dual-pane windows throughout, waterproof flooring, and beautifully remodeled bathrooms. Outside, the expansive backyard offers endless possibilities, with ample space for a pool, an ADU, or whatever your vision may be.This move-in-ready home has it all; timeless charm, modern amenities, and plenty of room to live, grow, and entertain. The property is currently rented out by the bedroom to young professionals with a monthly gross income of $8,000/ Month. The property can be delivered either occupied with tenants, as an investment, or vacant for an owner user. Additionally, the site offers a spacious 6,632 SF Lot, with a zoning ordinance of LAR3, with a Tier 3 TOC (70% density bonus). An exceptional development opportunity to build 8 units by right, or 13 units with the TOC incentives.

Price History

Date
Event
Price
04/30/21
Sold
$1,450,000
11/05/18
Sold
$1,275,000
11/05/18
Sold
$1,200,000
Condition Rating
Excellent

Despite being built in 1919, this property has undergone an extensive and recent 'exquisitely remodeled' renovation. The description highlights a 'chef-inspired kitchen' with a 10-foot island, custom two-toned shaker cabinetry, and a striking backsplash, all confirmed by modern, high-quality finishes in the images. Bathrooms are 'beautifully remodeled' with contemporary fixtures and styling. Major systems are new, including a fully rewired electrical system with a new 200-amp panel, brand-new plumbing, and dual-pane windows throughout. The property features new waterproof flooring and modern light fixtures. While the absence of central air conditioning is noted, the sheer scope and quality of the comprehensive updates to all other major components and aesthetics place this property firmly in the 'excellent' category, making it virtually new and move-in ready.
Pros & Cons

Pros

Significant Development Potential: The property boasts LAR3 zoning with a Tier 3 TOC, offering an exceptional opportunity to build 8 units by right or up to 13 units with incentives, maximizing future value and investment potential.
Strong Investment Income: Currently generating a substantial gross income of $8,000 per month from bedroom rentals to young professionals, providing immediate cash flow and flexibility for investors or owner-users.
Extensive Modern Renovation: The home has undergone a comprehensive remodel, including fully rewired electrical, new 200-amp panel, brand-new plumbing, dual-pane windows, waterproof flooring, and beautifully updated bathrooms, ensuring a move-in-ready condition.
Prime Location & School District: Located in the prestigious Hancock Park neighborhood within the coveted Third Street School District, offering high desirability, excellent educational opportunities, and strong property appreciation potential.
Spacious & Versatile Property: Features 6 bedrooms, 4 bathrooms, multiple spacious master suites, an open floor plan, and an expansive 6,632 SF lot with ample space for a pool, an ADU, or other custom additions.

Cons

Tenant Occupancy & Management: The property is currently rented by the bedroom, which may present complexities for an owner-user seeking immediate vacant possession or for investors who prefer a less management-intensive, single-tenant lease structure.
Absence of Central Air Conditioning: Despite extensive modern updates to major systems and interiors, the property description does not mention a central air conditioning system, which could be a significant comfort concern during warmer months in Los Angeles.
Age of Original Structure: Built in 1919, while extensively remodeled, the underlying century-old structure may still present unforeseen maintenance challenges or limitations not explicitly addressed by the recent updates.

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