1251 South Wilton Place

Los Angeles, CA 90019

$2,350,000
Price
9
Beds
8
Baths
5,634 Sq. Ft.
$417 / Sq. Ft.
5,634
Sq. Ft.
$417
per Sq. Ft.

Description

Welcome to this charming 8-unit apartment building boasting classic Spanish style architecture in the coveted Country Club Park neighborhood. Only 8 Unit Apt nestled amidst tranquil single-family homes, this impeccably managed property offers a tranquil setting gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, it presents significant income potential with rents currently below market value. Six out of seven garages offer additional rental income opportunities. The property...Welcome to this charming 8-unit apartment building boasting classic Spanish style architecture in the coveted Country Club Park neighborhood. Only 8 Unit Apt nestled amidst tranquil single-family homes, this impeccably managed property offers a tranquil setting gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, it presents significant income potential with rents currently below market value. Six out of seven garages offer additional rental income opportunities. The property features newly landscaped gardens with lush turf, rose trees, and new trees, newly beautiful paint, alongside upgraded garages, driveways, and surveillance systems. Each unit is equipped with separate gas and electric meters. One unit has recently undergone tasteful remodeling with new appliances. Passed housing inspection in Oct 2023. Enjoy easy access to the 10 freeway, Mid-Wilshire, Koreatown, and Downtown LA. Fully leased with stable income and promising future prospects, this investment opportunity is not to be missed. One unit will be delivered vacant at C. O. E. Please refrain from entering the property and disturbing the occupants.
  1. Listed by Ki Seon Im • DRE #01860439 • Brokerage DRE #00908242 • Ivy Realty Co.

Property Details for 1251 South Wilton Place

Zoning
LAC4
Style
Spanish
Parcel Number
5081023011
Total Units
8.0
Living Area
5634
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0

Location

Listing Courtesy of Ivy Realty Co., Ki Seon Im, DRE #01860439
Add your commute
LISTING UPDATED: 04/23/2024 12:01 AM

Property Details for 1251 South Wilton Place

StatusActive
MLS #24-373459
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1934
Lot Size0.24 AC / 10,494 SF
CountyLos Angeles County

Location

Listing Courtesy of Ivy Realty Co., Ki Seon Im, DRE #01860439
Add your commute

Building Information for 1251 South Wilton Place

Stories2Residences-Year Built1934Building Size-Lot Size0.24 AC / 10,494 SF

Payment Calculator

$13,590 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$765

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1251 South Wilton Place

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 8 unit
  • Security Features: Gated, Smoke Detector
  • Water: Public
Contract Info
Contract Info
  • Disclosures: As Is, Historical
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $146,314
  • Net Operating Income: $.00
  • Gross Income: $146,314
  • Gross Rent Multiplier: $16.17
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.2409
  • Lot Size Square Feet: 10494
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 7
  • Garage Spaces Total: 7
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Range/Oven
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Roof: Spanish Tile
  • Sprinklers: Sprinkler System
  • New Construction: No
  • Other Structural Features: Historical
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-15-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,418.00
  • Unit Actual Rent: $1,418.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,654.00
  • Unit Actual Rent: $1,654.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $966.00
  • Unit Actual Rent: $966.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $955.00
  • Unit Actual Rent: $955.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,612.00
  • Unit Actual Rent: $1,612.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,612.00
  • Unit Actual Rent: $1,612.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,375.00
  • Unit Actual Rent: $1,375.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $253,349.00
  • Assessed Improvement Percent: 38.56
  • Assessed Land Value: $403,698.00
  • Assessed Land Percent: 61.44
  • Assessed Total Value: $657,047.00

Property History for 1251 South Wilton Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1251 South Wilton Place

Taxable ValueLand$403,698Additions$253,349Total$657,047
Tax Record2023$9,184 ($765 / month)
Home Facts
Total Finished SqFt5,634 SqFtAbove Grade Finished SqFt5,634 SqFtLot Size10,491 SqFtStyleMulti-Family Res (5+ Units)Year Built1934ZoningLAC4CountyLOS ANGELESAPN5081-023-011

Schools near 1251 South Wilton Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy Middle School
Charter6 to 8

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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1251 South Wilton Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on April 15, 2024 by Ivy Realty Co., it's currently listed at $2,350,000. It has been on the market for a total of 17 days and was last sold on April 5, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School and Los Angeles Senior High School. 1251 South Wilton Place is a 9-bed, 8-bath, 5,634 sqft multi-family home built in 1934.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ivy Realty Co., Ki Seon Im, DRE #01860439

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.