440 South Wilton Place
440 South Wilton Place
$2,250,000
14
8
8,630
8,630
$261
Sold 12/4/23
Description
Overbid hearing scheduled on tuesday, august 22, 2023. OPENING BID WILL BE $2,363,000. 440 S Wilton Pl. is a well located 7,058 square foot eight (8) unit apartment building in Koreatown. It is composed of four 1+1 units, two 2+1.5 units and two 3+1.5 units. Seven (7) of the eight (8) units will be delivered vacant providing a rare opportunity! Rents for the vacant units are projected. Each unit averages over 875 sq. ft. and is separately metered for gas and electricity. The property is situated...Overbid hearing scheduled on tuesday, august 22, 2023. OPENING BID WILL BE $2,363,000. 440 S Wilton Pl. is a well located 7,058 square foot eight (8) unit apartment building in Koreatown. It is composed of four 1+1 units, two 2+1.5 units and two 3+1.5 units. Seven (7) of the eight (8) units will be delivered vacant providing a rare opportunity! Rents for the vacant units are projected. Each unit averages over 875 sq. ft. and is separately metered for gas and electricity. The property is situated on a 8,630 square foot lot and is zoned LAR3 (ADDITIONAL PARCEL 5504-025-026). There are eight (8) onsite parking spaces and onsite laundry. Property in the Los Angeles REAP Program. The subject property is also ideally located near the 101 freeway and is walking distance to the Wilshire/Western Metro Station. It is deemed a "Walker's Paradise" earning a walkability score of 90. Located South of 3rd St. on Wilton Pl. with easy access to all of the excellent restaurants, shopping and entertainment Koreatown, Hollywood and Downtown LA have to offer. This property presents a VERY UNIQUE opportunity for an investor looking to renovate and re-tenant a building to capture CASH FLOW.
- Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union
Property Details for 440 South Wilton Place
Zoning
LAR3
Parcel Number5504025004
Total Units8.0
Living Area8630
Source Living AreaTitle Company
AreaHancock Park-Wilshire
Vacancy Rate88%
Lot Size Area8630
Location
LISTING UPDATED: 12/04/2023 01:47 PM
Property Details for 440 South Wilton Place
Status | Sold |
---|---|
MLS # | 23-270866 |
Days on Market | 45 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1956 |
Lot Size | 0.20 AC / 8,630 SF |
County | Los Angeles County |
Location
Building Information for 440 South Wilton Place
Stories2Residences-Year Built1956Building Size-Lot Size0.20 AC / 8,630 SF
Payment Calculator
$13,457 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 440 South Wilton Place
Property History for 440 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 440 South Wilton Place
Taxable ValueLand$558,166Additions$515,026Total$1,073,192
Tax Record2023$14,141 ($1,178 / month)
Home Facts
Total Finished SqFt7,058 SqFtAbove Grade Finished SqFt7,058 SqFtLot Size7,625 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN5504-025-004
Schools near 440 South Wilton Place
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Third Street Elementary School PublicK to 5 | ||
Magnolia Science Academy 6 School Charter6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
Everest Value CharterK 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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