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.)
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Last Updated:Â . Source: CRMLS
Provided By
Listing Agent: H. Jason Yang (#CLW-C145352)
Listing Office: GAIA (#CLW-X83098)

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