433 S Wilton Pl
Los Angeles, CA 90020
Land For Sale · 0.15 AC

Marcus & Millichap has been exclusively selected to market 433 S. Wilton Place. The subject property is located at 433 S. Wilton Place in the Hancock Park / Larchmont Village Neighborhood and Third Street School District in Los Angeles, California. This development opportunity is located two parcels to the South of a similar Small Lot Subdivision development that has been recently approved and will be starting construction Summer 2017. The opportunity is to utilize a similar concept on the subject property. The recently approved development was unanimously approved by the Greater Wilshire Neighborhood Council (GWNC) and praised at the hearing for its design and contribution to the neighborhood. A savvy developer may continue that high standard with 433 S. Wilton Place. Utilizing the Los Angeles small lot subdivision code, this new construction project may consist of 4 townhome style, fee simple, single family homes that will be For Sale post construction. The site currently has a 2 story, 2,816 sq. ft. house, which was built in 1919 and will be demolished for the purpose of this development. The parcel is zoned R3-1 and may allow for the construction of four small lot houses to be built by-right per Los Angeles zoning codes. Buyer to verify with City of Los Angeles. Located in the highly desired Third Street School district, these homes would offer an affordable, modern and spacious single family home for buyers seeking to live in the Hancock Park submarket.