Description

Exceptional opportunity to own a character-rich 1934 Spanish Triplex in the highly sought-after Wilshire Vista neighborhood, ideally positioned between Hancock Park and Miracle Mile. Situated on a generous 7,927 sq ft R3-zoned lot, this versatile property offers immediate income potential with a rare opportunity for investors and builders to secure one of the area's most sought-after locations. With strong underlying land value and potential for future redevelopment, this property offers excellent possibilities for those looking to create additional value.The property features three spacious units: (2) expansive 1BD/1BA residences of approximately 1,000+ sq ft each, and (1) townhouse-style 2BD/1.5BA owner's unit of approximately 1,500 sq ft with private entrance. Each residence showcases timeless Spanish architectural details including vaulted and curved ceilings, archways, hardwood floors, and abundant natural light. Both 1BD/ 1 BA units offer oversized living rooms, formal dining areas, dedicated laundry rooms, generous walk-in closets, and private outdoor space. The two-bedroom residence lives like a private home, featuring a gas fireplace, French doors opening to a secluded backyard with low-maintenance turf, remodeled kitchen with Caesarstone countertops, custom wrought-iron staircase, balcony off the primary suite, multiple walk-in closets, and mini-split A/C systems for year-round comfort.The detached four-car garage presents excellent ADU conversion potential (buyer to verify), creating additional income opportunity. The building was retrofitted in 2021 and is moments from the Wilshire/La Brea Metro station, Museum Row, La Brea Tar Pits, Downtown LA, major freeways, and countless dining and retail options.This is a rare blend of architectural charm, strong rental potential, long-term appreciation, along with future development possibilities, this is a true Westside investment gem.