1042 Wilcox Ave

$3,030,000
Last Sold Price
38
Beds
38
Baths
9,880 Sq. Ft.
$307 / Sq. Ft.
9,880
Sq. Ft.
$307
per Sq. Ft.

Description

Court Overbid procedure: Deposit: $111,000. Initial overbid price: $2.75 million. Subsequent overbid increments: $20,000. Notify trustee via email of intent to overbid no later than 1 day before the sale hearing (or September 9, 2024 at 5:00 pm Pacific). Deposit must be paid by cashier's check or wire transfer by September 9, 2024 at 5 pm prior to the sale hearing on September 10, 2024 at 2:00 pm. Property is to be sold in the bankruptcy court free and clear of all liens, claims encumbrances or other...Court Overbid procedure: Deposit: $111,000. Initial overbid price: $2.75 million. Subsequent overbid increments: $20,000. Notify trustee via email of intent to overbid no later than 1 day before the sale hearing (or September 9, 2024 at 5:00 pm Pacific). Deposit must be paid by cashier's check or wire transfer by September 9, 2024 at 5 pm prior to the sale hearing on September 10, 2024 at 2:00 pm. Property is to be sold in the bankruptcy court free and clear of all liens, claims encumbrances or other interests. Property is to be sold on an "as-is", "where-is" and "with-all-faults" basis without any warranties, expressed or implied, and without any contingencies pursuant to 11 U. S. C. 363(b)(1) and (f), free and clear of all liens, interests, claims and encumbrances with such liens, interests, claims and encumbrances to attach to the sale proceeds, net of expenses of sale. We are pleased to present for sale a true value-add investment opportunity located in the heart of Hollywood. With ~60% of the building vacant, a new buyer has a fantastic opportunity to transform this residential hotel/apartment building into a Cash Cow! Known as the El Nido Hotel, the subject property consists of 38 studios with individual baths in each unit and is currently being rented on a monthly/weekly basis. 23 of the 38 units are currently vacant giving an investor the ability to renovate these units and re-rent at market rate. The El Nido boasts a Walk Score of 95 and is in close proximity to shopping, dining, entertainment, studios, transit, and so much more! Lots of new development in the area. Do not miss this opportunity to purchase an asset with tons of upside, in a phenomenal location, and at a low price per door. Bankruptcy court sale, subject to overbid. Contact listing agent for overbid details or to schedule a showing!
  1. Listed by Daniel Shamooelian • DRE #01984269 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1042 Wilcox Avenue

Zoning
LAR3
Parcel Number
5533014019
Total Units
38.0
Living Area
9880
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
58%
Lot Size Area
6133
LISTING UPDATED: 10/01/2024 01:32 PM

Property Details for 1042 Wilcox Avenue

StatusSold
MLS #24-375697
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.14 AC / 6,133 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian, DRE #01984269

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 1042 Wilcox Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.14 AC / 6,133 SF

Payment Calculator

$18,978 per month

30 year fixed, 6.845% Interest

Principal and Interest

$15,875

Property Taxes

$3,103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1042 Wilcox Avenue

Community / Development
Community / Development
  • Number Of Units: 38
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $510,187
  • Net Operating Income: $343,644.80
  • Gross Income: $510,187
  • Gross Scheduled Income: $510,187
  • Cap Rate: 8.40%
  • Gross Rent Multiplier: $8.00
  • Total Annual Expense: 166543
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1408
  • Lot Size Square Feet: 6133
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $42,516.00
  • Unit Actual Rent: $42,516.00
  • Unit Projected Rent: $51,300.00
  • Like Units: 38
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $408,411.00
  • Assessed Improvement Percent: 50.0
  • Assessed Land Value: $408,411.00
  • Assessed Land Percent: 50
  • Assessed Total Value: $816,822.00

Property History for 1042 Wilcox Avenue

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Listed (Active)

CRMLS #25612827

$4,500,000—
Oct 30, 2025

Listed (Active)

CLAW #25612827

$4,500,000—
Sep 30, 2024

Sold

CRMLS #24375697

$3,030,000—
Sep 30, 2024

Sold

CLAW #24-375697

$3,030,000—
Sep 30, 2024

Sold

SDMLS #24-375697

$3,030,000—
Aug 7, 2024

Price Change

CLAW #24-375697

$2,750,000—
Jul 22, 2024

Pending

CLAW #24-375697

—
Jul 22, 2024

Pending

SDMLS #24-375697

—
Jul 22, 2024

Accepting Backup Offers

CLAW #24-375697

—
Jul 22, 2024

Accepting Backup Offers

CRMLS #24375697

—
Jun 4, 2024

Price Change

CLAW #24-375697

$4,100,000—
Jun 4, 2024

Price Change

CRMLS #24375697

$4,100,000—
May 14, 2024

Price Change

CLAW #24-375697

$4,700,000—
May 14, 2024

Price Change

CRMLS #24375697

$4,700,000—
Apr 9, 2024

Listed (Active)

CLAW #24-375697

$5,300,000—
Apr 9, 2024

Listed (Active)

SDMLS #24-375697

$5,300,000—
Apr 9, 2024

Listed (Active)

CRMLS #24375697

$5,300,000—
DateEvent & SourcePrice
10/30/2025

Listed (Active)

CRMLS #25612827

$4,500,000
10/30/2025

Listed (Active)

CLAW #25612827

$4,500,000
09/30/2024

Sold

CRMLS #24375697

$3,030,000
09/30/2024

Sold

CLAW #24-375697

$3,030,000
09/30/2024

Sold

SDMLS #24-375697

$3,030,000
08/07/2024

Price Change

CLAW #24-375697

$2,750,000
07/22/2024

Pending

CLAW #24-375697

—
07/22/2024

Pending

SDMLS #24-375697

—
07/22/2024

Accepting Backup Offers

CLAW #24-375697

—
07/22/2024

Accepting Backup Offers

CRMLS #24375697

—
06/04/2024

Price Change

CLAW #24-375697

$4,100,000
06/04/2024

Price Change

CRMLS #24375697

$4,100,000
05/14/2024

Price Change

CLAW #24-375697

$4,700,000
05/14/2024

Price Change

CRMLS #24375697

$4,700,000
04/09/2024

Listed (Active)

CLAW #24-375697

$5,300,000
04/09/2024

Listed (Active)

SDMLS #24-375697

$5,300,000
04/09/2024

Listed (Active)

CRMLS #24375697

$5,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1042 Wilcox Avenue

Taxable ValueLand$2,730,000Additions$300,000Total$3,030,000
Tax Record2025$37,235 ($3,103 / month)
Home Facts
Total Finished SqFt9,880 SqFtAbove Grade Finished SqFt9,880 SqFtStories2Lot Size6,131 SqFtStyleHotel / MotelYear Built1928ZoningLAR3CountyLOS ANGELESAPN5533-014-019

Schools near 1042 Wilcox Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Vine Street Elementary School
PublicK to 6

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Larchmont Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian, DRE #01984269

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.