PRICE IMPROVEMENT — now $2,850,000, reduced $150,000. Wilton Place Apartments is a 1917 Craftsman taken to the studs in a 2021 gut renovation, in prime Hollywood, Los Angeles, offered at a 7.19% in-place cap rate on $204,851 of net operating income. TURN-KEY 2021 GUT RENOVATION: All major building systems — plumbing, electrical, mechanical — were replaced in 2021, preserving the 1917 Craftsman's period character behind modern studio interiors. A de-risked, low-capex Hollywood hold. NEW DETACHED ADU + LIVE/WORK PENTHOUSE: A newly constructed detached 2-bedroom ADU adds by-right density and a premium master-leased unit at $3,229/mo, and a finished 3-room live/work penthouse tops the main structure — unusual, hard-to-replicate unit types. Each unit is separately gas-metered and the ADU has its own electric meter. 10-SPACE PARKING LOT: Approximately nine vacant spaces offer roughly $18,000 per year of embedded income growth through lease-up. PRIME HOLLYWOOD LOCATION: Minutes from the Metro B Line and the Sunset and Hollywood corridors, in one of Los Angeles' most supply-constrained rental submarkets. Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.