433 S Wilton Place, Los Angeles, CA 90020

Property Description

433 S. Wilton Place is a fully remodeled 6-bedroom, 4-bathroom home located in the prestigious Hancock Park neighborhood and within the highly regarded Third Street School District. This residence offers over 2,800 square feet of living space on a 6,632 square foot lot. The floor plan includes dual primary suites and a spacious chef's kitchen featuring an oversized center island, breakfast bar, and ample counter space for cooking and entertaining. Recent upgrades include new plumbing, a 200 amp electrical panel with complete rewiring, waterproof flooring, dual pane windows, and fully renovated bathrooms. The property can be delivered either occupied as an income property or vacant for an owner user. It is currently leased by the bedroom to young professionals and international students, generating approximately $6,600 per month in income, with a market rent potential of around $8,300 per month. Zoned LAR3 and located in Tier 3 TOC, the lot offers strong development potential. The large backyard provides additional space for an ADU, pool, or future development. Prime location, strong income, and development flexibility make this property an excellent opportunity for both homeowners and investors in one of Los Angeles' most desirable areas.