1506 South Wilton Place

Los Angeles, CA 90019

$1,260,000
Last Sold Price
3
Beds
2
Baths
10,305 Sq. Ft.
$122 / Sq. Ft.
10,305
Sq. Ft.
$122
per Sq. Ft.

Description

Commercial Asset Group is pleased to have exclusively listed 12 units located at 1506 S. Wilton Place. Built in 1921, this quaint courtyard-style property consists of five 1+1's and seven 2+1 units. Totaling 10,536 square feet, the units average approximately 900 square feet each. The two buildings are situated on a 13,242 square foot lot zoned R3, making it an excellent future development site. The property features parking at the rear and on-site laundry facilities. Priced at under $114,000 per...Commercial Asset Group is pleased to have exclusively listed 12 units located at 1506 S. Wilton Place. Built in 1921, this quaint courtyard-style property consists of five 1+1's and seven 2+1 units. Totaling 10,536 square feet, the units average approximately 900 square feet each. The two buildings are situated on a 13,242 square foot lot zoned R3, making it an excellent future development site. The property features parking at the rear and on-site laundry facilities. Priced at under $114,000 per unit and $129 per foot, this is a great deal and will not last!
  1. Listed by Dana Brody • DRE #01429001 • Brokerage DRE #01315424 • Commercial Asset Group, Inc.

Property Details for 1506 South Wilton Place

Zoning
LAR3
Parcel Number
5073005015
Total Units
12.0
Living Area
10305
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
3%
Lot Size Area
13164

Location

Listing Courtesy of Commercial Asset Group, Inc., Dana Brody, DRE #01429001

Sold By Commercial Asset Group, Inc., Dana Brody, DRE #01429001

Add your commute
LISTING UPDATED: 10/11/2012 09:44 PM

Property Details for 1506 South Wilton Place

StatusSold
MLS #12-615569
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.30 AC / 13,164 SF
CountyLos Angeles County

Location

Listing Courtesy of Commercial Asset Group, Inc., Dana Brody, DRE #01429001

Sold By Commercial Asset Group, Inc., Dana Brody, DRE #01429001

Add your commute

Building Information for 1506 South Wilton Place

Stories2Residences-Year Built1921Building Size-Lot Size0.30 AC / 13,164 SF

Payment Calculator

$8,516 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,876

Property Taxes

$1,640

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1506 South Wilton Place

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • View: No
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $134,791
  • Net Operating Income: $87,583.00
  • Gross Income: $138,960
  • Cap Rate: 6.60%
  • Gross Rent Multiplier: $9.60
  • Laundry Income: $1,200
  • Total Annual Expense: 47208
  • Water Expense: $8,019.00
  • Gas Expense: $425
  • Electric Expense: $667.00
  • Trash Expense: $3,400.00
  • Expense Pest: $1,000.00
  • Tax Expense: $16,625
  • Gardener Expense: $1,430
  • Insurance Expense: $3,455
  • Management Expense: $6,948.00
  • Manager Expense: $2,250
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 13164
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 12
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: See Remarks
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
Lease Terms
Lease Terms
  • Entry Date: 07-28-2012
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $850.00
  • Unit Actual Rent: $4,699.00
  • Unit Projected Rent: $4,699.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $779.00
  • Unit Actual Rent: $6,883.00
  • Unit Projected Rent: $6,883.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 1506 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 1506 South Wilton Place

Taxable ValueLand$899,540Additions$591,801Total$1,491,341
Tax Record2023$19,680 ($1,640 / month)
Home Facts
Total Finished SqFt10,536 SqFtAbove Grade Finished SqFt10,536 SqFtLot Size13,165 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLAR3CountyLOS ANGELESAPN5073-005-015

Schools near 1506 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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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 Commercial Asset Group, Inc., Dana Brody, DRE #01429001

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.