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1251 Wilton Place
Los Angeles, CA 90019
Sold
The subject property is a two story 8 unit apartment building constructed in 1934 with classic Spanish style architecture situated on a large 10,491 square foot lot. The rents are significantly below market, and there is additional income potential from renting 5 of the 7 garages that are presently used by the landlord. 2 of the garages are included with two of the rental units. The property could also generate additional income potential using the ADU process to add dwellings (buyer to verify). The property has been upgraded with newer electric breakers, and a new water heater that was installed in 2022. The landlord pays for trash service, but there are separate gas and electric meters for each unit, which the tenants pay for. The property is located within Country Club Park, which is a quit residential neighborhood that is gated off at Pico Boulevard. The streets are very wide with many older historic buildings that were constructed in the early 1900’s situated on large lots. The property location provides convenient access to the 10 freeway, Mid-Wilshire, Koreatown, Downtown LA, USC, and has a walk score of 82 (Very Walkable). This offering provides huge upside in future income with stability of current income as it is 100% leased with all tenants paying their full rent on time.
PROPERTY INFORMATION
| MLS # | SB23028069 | Lot Size | 10,491 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,200,000
Price Per SqFt: $ 390 |
DOM | 806 Days |
| Address | 1251 Wilton Place | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,634 Sq. Ft. |
| Postal Code | 90019 | Garage | 7 |
| County | Los Angeles | Year Built | 1934 |
| Bed / Bath | 9 / 0 | Parking | 7 |
| Built In | 1934 | Status | Closed |
| Sold Date | 2023-04-05 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Roof | Spanish Tile |
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,347
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/05/2023 | Sold | $2,058,000 |
| 04/03/2023 | Pending | $2,200,000 |
| 03/09/2023 | Active Under Contract | $2,200,000 |
| 02/17/2023 | Listed | $2,200,000 |
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Listing provided courtesy of Stephen Lampe, Re/Max Commercial & Investment. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
