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Investment Highlights

  • Corner lot at Wilton Place and Beverly Boulevard with strong street visibility on Beverly Blvd.
  • Close to Wilshire Country Club and major Los Angeles employment centers.
  • Zoned LAR3, supporting multi-unit residential development.
  • Walkable to Larchmont Village and Robert Burns Park.
  • Easy access to Beverly Boulevard and nearby freeway connections.

Executive Summary

This property offers a rare opportunity to acquire a corner parcel in one of Los Angeles’ most desirable neighborhoods. Located at the intersection of Wilton Place and Beverly Boulevard, the site spans approximately 6,939 square feet and is zoned LAR3, allowing for multi-unit residential development. The parcel’s southeast corner positioning provides excellent visibility and accessibility, making it an attractive option for developers seeking to capitalize on the area’s strong demand for housing.

Property Facts

Price $1,475,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • Apartment Units - Senior
Total Lot Size 0.16 AC
Zoning R3-1 - Multiple Dwelling

1 Lot Available

Lot FR80

Price $1,475,000
Price Per AC $9,259,375.51
Lot Size 0.16 AC

6,939.2 SF lot located on the South East Corner of Wilton Place and Beverly Blvd.

Description

The property is situated within close proximity to key lifestyle amenities, including Larchmont Village, Robert Burns Park, and the Wilshire Country Club. Its central location offers convenient access to major thoroughfares such as Beverly Boulevard and nearby connections to the 101 Freeway, ensuring strong connectivity to Downtown Los Angeles, Hollywood, and Koreatown. With its zoning flexibility and prime location, this site presents significant potential for a high-quality residential project in a thriving urban market.

Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
5516-019-020
Land Assessment
$1,065,414
Improvements Assessment
$0
Total Assessment
$1,065,414
  • Listing ID: 27215678

  • Date on Market: 11/30/2022

  • Last Updated:

  • Address: 250 N Wilton Pl, Los Angeles, CA 90004

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