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Welcome to 523 South Wilton Place, a classic two story triplex located in the desirable Hancock Park neighborhood. This property spans over 3,500 square feet on an oversized 8,550 square foot lot with two separate buildings, offering a rare opportunity for both investors and developers. Zoned LAR3, the property provides excellent potential for expansion or future development. The front structure features a 3 bedroom 2 residence, while the rear building includes 2 fully renovated units, a one bedroom one bathroom unit and a studio, both tenant occupied at market rents. Whether you choose to buy and hold for steady cash flow, add ADUs for additional income, or redevelop with the potential to build up to 14 units (buyer to verify), this property offers endless possibilities.Located in a central and highly walkable area of Los Angeles, the property offers convenient access to Koreatown, Larchmont Village, and major employment and retail centers. This is a rare opportunity to own a multi-unit property in one of the city's most in-demand neighborhoods with strong rental upside and long-term growth potential.
Property Type(s):
Residential Income
| Last Updated | 1/5/2026 | Year Built | 1913 |
|---|---|---|---|
| Community | C18 - Hancock Park-Wilshire | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer |
| AREA | C18 - Hancock Park-Wilshire |
| HEAT | Central |
| LOT | 8538 sq ft |
| LOT DIMENSIONS | 8536 |
| PARKING | Carport, Detached Carport |
| STORIES | Split/Multi Level |
Location
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Listed with GAIA
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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