9
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$1,100,000
Est. payment /mo
5 Beds
4 Baths
2,038 SqFt
New
1224 Wilcox AVE Los Angeles, CA 90038
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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
Listed by Filip Niculete Marcus & Millichap
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