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508 S Wilton Place

Los Angeles, CA 90020
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Bed 4

Bed

Bath 2

Bath

SqFt2,511

Sqft

SqFt6,173

Sqft(Lot)

Discover this captivating two-story single-family home nestled in the prestigious Hancock Park neighborhood one of Los Angeles' most coveted addresses. Step inside to find elegant hardwood flooring throughout, a refined formal dining room, and a bright, airy layout that exudes timeless charm. The main level offers two bedrooms along with a separate office space, providing versatile living and work-from-home flexibility. Upstairs, three additional bedrooms offer generous private retreats for family and guests. As sunlight dances through its windows during the day, the designer's lighting creates a magical ambiance at night. Step into the serene backyard, enveloped by lush trees, and find tranquility in the heart of the city. With some personal touches, this home has every potential to tran sform into a true gem- the bones are exceptional and the canvas is ready for its next chapter. And the neighborhood speaks for itself. Tree-lined streets, landmark estates, and the timeless elegance of Hancock Park surround you- one of the few neighborhoods in Los Angeles where prestige, history, and community come together seamlessly. This single-family residence sits on a site zoned R3-2, offering the following by-right development standards: Floor Area Ratio of 6:1 and building heights of up to 75 ft / 6 stories. Twice the development capacity of standard R3-1 zoning (FAR 3:1 / 45 ft). No RSO liability- existing single-family use carries no rent control obligations upon demolition or succession risk for newly constructed units. The site also qualifies for the following development incentives: TOC Tier 3 designated (per ZIMAS), unlocking density bonuses of up to 70%, FAR increases of up to 50%, and reduced parking requirements in exchange for on-site affordable units. ED1-eligible (per ZIMAS) for 100% affordable housing projects, enabling streamlined ministerial approval and accelerated entitlement timelines. Citywide Housing Incentive Program (CHIP) area, providing additional incentive pathways. The property is valued for its land. The existing structure is considered incidental to development potential. All property information is provided as a preliminary guide only. Buyers are advised to independently verify all details through their own due diligence and professional consultation.

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Detail Ic Property Details

Property Type : Residential

Price : $1,490,000

AD Id : 87407849

MLS Id : 26854599

Beds : 4

Lot Size : 6,173 Sqft

Living Area Size : 2,511

Year Built : 1918

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher,Disposal Fireplace: Living Room Flooring: Carpet,Tile,Wood Furnished Description: Unfurnished
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1918 Building Area Total: 2,511
  • Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Pool Features

    None

    Laundry Features

    In Kitchen

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1417 Lot Size Dimensions: 50x121
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6173

  • Listing Price Information

    Original List Price: 1,490,000 Listing Contract Date: 2026-07-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5504026020

  • Garage and Parking

    Garage Description: Door-Multi,Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 4911 Directions: Wilton Pl between 5th and 6th st. Zoning: LAR3-2 Source Property Type: Residential Area: C18 - Hancock Park-Wilshire Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 108 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Vendor Enhanced Total Square Feet Living: 2511 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
428 S Hoover. St., Los Angeles, CA, 90020 $1,599,999 5 2 1,913 1,913 SqFt
3333 W 4th Street, Los Angeles, CA, 90020 $9,200,000 42 -- 62,532 62,532 SqFt
311 S New Hampshire Ave.., Los Angeles, CA, 90020 $3,925,000 24 -- 11,792 11,792 SqFt
426 S Catalina Street, Los Angeles, CA, 90020 $1,899,000 8 -- 5,506 5,506 SqFt
520 S Kenmore Avenue, Los Angeles, CA, 90020 $5,900,000 15 -- 18,783 18,783 SqFt
400 S Mariposa Avenue, Los Angeles, CA, 90020 $4,795,000 16 -- 16,736 16,736 SqFt
514 S Mariposa Avenue, Los Angeles, CA, 90020 $3,700,000 17 -- 12,294 12,294 SqFt
541 S Normandie Avenue, Los Angeles, CA, 90020 $1,950,000 8 -- 7,481 7,481 SqFt
525 S Ardmore #338, Los Angeles, CA, 90020 $308,800 -- 1 381 381 SqFt
512 S Hobart Boulevard, Los Angeles, CA, 90020 $7,500,000 13 -- 40,148 40,148 SqFt

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ByOwner last updated this listing 07/06/2026 @ 19:57

MLS: 26854599 LISTED BY: May Myung Hahm, The Selected Properties 213-500-5677 SOURCE: CRMLS

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