1224 Wilcox Avenue, Los Angeles, CA 90038

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 … read more …