1532 South Wilton Place
1532 South Wilton Place
$3,075,000
28
14
9,916
9,916
$310
Description
Large price reduction! Bring all offers! 14 existing units in prime Mid City LA with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, which would turn the building into 16 units and add substantial income, all while still having plenty of on-site tenant parking spaces post-ADU completion. This 1960's construction building has all 2 Bed/1 Bath units and is offered at a low $219,643 per unit, with the opportunity to make it $192,188 per unit post-ADU completion. In-place...Large price reduction! Bring all offers! 14 existing units in prime Mid City LA with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, which would turn the building into 16 units and add substantial income, all while still having plenty of on-site tenant parking spaces post-ADU completion. This 1960's construction building has all 2 Bed/1 Bath units and is offered at a low $219,643 per unit, with the opportunity to make it $192,188 per unit post-ADU completion. In-place 12.4 GRM on current rents with the upside to a 6.35 GRM. The roof was replaced in 2017, has copper plumbing throughout, EQ retrofitting has been completed, brand new master water heater, and brand-new on-site laundry room for tenants. There's 100% rental upside for the next owner to achieve, and approximately 65% rental upside after ADU's are completed and assuming all other rents stay the same. There's everything to love about this prime and central Mid City location as it borders West Adams, Koreatown and Downtown Los Angeles and Pico Union.
- Listed by Jonathan Rawson • DRE #02010400 • Brokerage DRE #01872854 • Avenue Realty Group
- Listed by Robert Kellner • DRE #02201789 • Brokerage DRE #01872854 • Avenue Realty Group
Property Details for 1532 South Wilton Place
Zoning
LAR3
Parcel Number5073005012
Total Units14.0
Living Area9916
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy RateNone
Lot Size Area13161
Location
LISTING UPDATED: 04/08/2024 12:13 PM
Property Details for 1532 South Wilton Place
Status | Active |
---|---|
MLS # | 24-355599 |
Days on Market | 84 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1960 |
Lot Size | 0.30 AC / 13,161 SF |
County | Los Angeles County |
Location
Building Information for 1532 South Wilton Place
Stories2Residences-Year Built1960Building Size-Lot Size0.30 AC / 13,161 SF
Payment Calculator
$19,785 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1532 South Wilton Place
Property History for 1532 South Wilton Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1532 South Wilton Place
Taxable ValueLand$2,193,000Additions$663,000Total$2,856,000
Tax Record2023$36,040 ($3,003 / month)
Home Facts
Total Finished SqFt9,916 SqFtAbove Grade Finished SqFt9,916 SqFtLot Size13,157 SqFtStyleMulti-Family Res (5+ Units)ZoningLAR3CountyLOS ANGELESAPN5073-005-012
Schools near 1532 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 |
---|---|---|
Carson-Gore Academy Of Enviornmental Studies PublicK to 5 | ||
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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