523 S Wilton Place, Los Angeles, CA 90020

• 4 beds
• 3,504 sqft

Property Description

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.

Listing Status:

Active

Date Added:

January 5, 2026

Data Last Updated:

February 7, 2026 at 8:09PM

Listing Office:

GAIA : 310-779-8213

Listing Agent:

H. Jason Yang : 213-879-9519

MLS ID:

CL25615325

Interior

• Laundry: DryerWasherInside
• A/C: Central Air
• Heating: Central

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR35504019022

Financial

• Source: CRMLS