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1016 Wilcox Ave, Los Angeles, CA 90038
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1016 Wilcox Ave Los Angeles, CA 90038

$2,390,000 Sold Price as of 05/30/2023
  • 9 Beds
  • 10 Baths
  • 6,918 Sq.Ft.
Sold
$2,390,000 Sold Price as of 05/30/2023 Refinance Your Mortgage
Map preview of 1016 Wilcox Ave, Los Angeles, CA 90038

Property Overview: 1016 Wilcox Ave Los Angeles, CA has 9 bedrooms, 10 bathrooms, 6,918 living square feet and 6,812 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 1016 N Wilcox Avenue, located in the prime Hollywood 90038 zip code. This property presents an exciting value add investment opportunity with low in place current rents & strong upside potential.Existing upgrades include new windows throughout, completed seismic retrofit work, providing added safety and peace of mind for tenants. In addition, on-site laundry facilities make this property an attractive option for renters. Several of the units have already been upgraded with new floors, quartz counter tops, new cabinetry & stainless steel appliances, providing nice appeal for tenants & a head start on improvements for the next owner. The central location of 1016 N Wilcox Avenue is also a major selling point, situated within close proximity to all the popular Hollywood shops, restaurants, businesses, and night life. This convenience factor is sure to be a draw for potential tenants. Furthermore, the area is experiencing an influx of new construction at higher rental costs, which surely will drive value seeking, would be renters to nearby, more affordable residences such as what 1016 N Wilcox offers.

Listed by Glenn Brander | BRE #01020228 | Miller & Desatnik Realty Co.
Last checked: 15 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
6,812
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23250105
City
Los Angeles
County
Los Angeles
Time on Site
410 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,042
  • Total Rent: $1,042
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,037
  • Total Rent: $1,037
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,208
  • Total Rent: $1,208
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,273
  • Total Rent: $1,273
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.32%
  • Gross Rent Multiplier: 13.9
  • Gross Scheduled Income: --
  • Net Operating Income: $105,671
  • Gross Operating Income: $172,405
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1016 Wilcox Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 10
  • Parcel Number: 5533014014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd, West of Vine St
View more facts & features

Local Los Angeles Agent

Sale History for 1016 Wilcox Ave

Last sold for $2,390,000 on May 30th, 2023

  • May, 2023

  • May 30, 2023

    Date

    Sold

    CRMLS: 23250105

    $2,390,000

    Price

  • Mar 9, 2023

    Date

    Active

    CRMLS: 23250105

    $2,445,000

    Price

  • May, 2008

  • May 28, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2007

  • Jan 23, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

Show More

Tax History for 1016 Wilcox Ave

Assessed Value (2020): $1,655,171
Year Land Value Improved Value Assessed Value
2020 $1,225,063 $430,108 $1,655,171

Home Value Compared to the Market

This property vs the competition

1016 Wilcox Ave sold on May 30, 2023 for 132.86% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $353.43 per/sqft which puts the price per square foot 52.11% lower than the current median sale per square foot for the city of Los Angeles.

About 1016 Wilcox Ave

Detailed summary of property

1016 Wilcox Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 9 bedrooms, 10 bathrooms, roughly 6,918 living square feet, and sits on an approximately 6,812 square foot lot. 1016 Wilcox Ave was first listed on ArdentRealEstateGroup.com on March 11, 2023. The homeowner sold the property for $2,390,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 132.86% higher than the current median priced home. Local homes that are currently for sale include 183 S Detroit St, 6040 Graciosa Dr and 5345 La Mirada Ave. While the average home in Los Angeles, CA is selling in 97 days, 1016 Wilcox Ave has a days on market of 39 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1016 Wilcox Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1016 Wilcox Ave

Public county record property details
Beds
9
Baths
10
Year built
1958
Sq. Ft.
6,918
Lot Size
6,811
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5533-014-014

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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