CA > Los Angeles
Los Angeles, CA 90038,1224 Wilcox AVE
Los Angeles, CA 90038,1224 Wilcox AVE
Los Angeles, CA 90038,1224 Wilcox AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,100,000
Est. payment /mo
5 Beds
4 Baths
2,038 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,038 sqft

Price per Sqft $539

MLS Listing ID 25607609

Bedrooms 5

HOA Y/N No

Year Built 1932

Lot Size 4,743 Sqft

Property Description

The LAAA Team of Marcus & Millichap is pleased to present 1224 N Wilcox Avenue, a three-unit multifamily property located in the heart of Hollywood's Transit-Oriented Core. Positioned within a TOC Tier 3 zone and surrounded by major employment, transit,and entertainment hubs, the property offers investors a well maintained,low-intensity asset with light value-add potential and stable cash flow in one of Los Angeles's most consistently rented submarkets. Built in 1932 and 1961, the property comprises two detached structures totaling 2,038 square feet on a 4,740-square-footRD1.5-1XL lot. The front duplex includes two one-bedroom, one bath units, while the rear standalone house features a three bedroom, two-bath layoutideal for owner-occupancy or premium rental positioning. All three units are individually metered, RSO-subject, and currently occupied, providing reliable in-place income and approximately 14% upside in rents through natural turnover and light cosmetic upgrades. Recent capital work includes a complete roof replacement (2019, finaled permit), providing peace of mind for long-term ownership. The property shows no deferred maintenance, is not subject to seismic retrofit, and sits outside all major hazard zones including flood, fire, and methane. With no open code violations and strong zoning fundamentals, 1224 N Wilcox presents an ideal first-time or exchange investment that combines stable returns, zoningflexibility, and long-term land security. Located one block north of Fountain Avenue, the property benefits from exceptional access to US-101, Metro transit lines, and neighborhood amenities including the Hollywood Recreation Center, Netflix Studios, and Kaiser Permanente Medical Center. Investors can expect steady occupancy, consistent rent growth, and future appreciation supported by Hollywood's continued revitalization and constrained multifamily supply.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 5

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5533004001

Financing Cash

Special Listing Condition Standard

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CRMLS – RECore
Listed by Filip Niculete Marcus & Millichap

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