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1030 Wilcox Ave, Los Angeles, CA 90038
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1030 Wilcox Ave Los Angeles, CA 90038

$1,650,000
  • 36 Beds
  • 36 Baths
  • 3,002 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified
Map preview of 1030 Wilcox Ave, Los Angeles, CA 90038

Property Overview: 1030 Wilcox Ave Los Angeles, CA has 36 bedrooms, 36 bathrooms, 3,002 living square feet and 6,815 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Located in an Opportunity Zone, this property boasts six units situated in a prime Hollywood location. Featuring four charming cottage-style bungalows with one-bedroom each at the front, complemented by two additional one-bedroom units side-by-side at the rear. Enjoying a high walker score, residents can accomplish numerous daily errands without the need for a car, making it a paradise for pedestrians. Positioned conveniently close to several studios, the Metro Red Line is accessible with just a 23-minute walk. Nearby recreational amenities include Golds Gym, Hollywood Recreation Center, Hollywood Playground, and Hollywood Forever. With its proximity to entertainment venues, dining options, shopping centers, and employment opportunities in the media industry, these units experience high demand in the rental market. Moreover, commuting throughout Los Angeles to key areas such as Hollywood, West Hollywood, Beverly Hills, Los Feliz, and La Brea is easily manageable from this location.

Listed by Joe Soto | BRE #01226548 | Soto Realty
Last checked: 7 minutes ago | Last updated: February 26th, 2024 | Source CRMLS | DOM: 55
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Home details

Lot Sq. Ft
6,815
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
SR24035697
City
Los Angeles
County
Los Angeles
Time on Site
68 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 5
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 6
  • # of Baths: 6
  • Actual Rent: $8,386
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $74,712
  • Net Operating Income: $6,334
  • Gross Operating Income: --
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $8,570
  • Insurance: $2,827
  • Water/Sewer: $6,175

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Property Details for 1030 Wilcox Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Asphalt
  • No Fence
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 5533014017
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd, West of Vine, East of Highland
View more facts & features

Local Los Angeles Agent

Sale History for 1030 Wilcox Ave

View property's historical transactions

  • February, 2024

  • Feb 24, 2024

    Date

    Active

    CRMLS: SR24035697

    $1,650,000

    Price

  • September, 2023

  • Sep 6, 2023

    Date

    Expired

    CRMLS: 23260459

    $1,500,000

    Price

  • Apr 14, 2023

    Date

    Active

    CRMLS: 23260459

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 1030 Wilcox Ave, a rare opportunity to own a six-unit bungalow-style property in the heart of Hollywood. This property has been held by the same owner for over 30 years and is now available for the first time in decades. Situated on a large lot spanning 6,813-square-feet, this property provides plenty of space for tenants to enjoy the outdoors. The bungalow-style units offer a unique charm and character that is highly sought after in this area. The property's location is ideal for tenants working in the entertainment industry, with close proximity to major employers. This makes it a highly desirable location for renters, ensuring a consistently high demand for the units. Furthermore, the property offers significant upside in rents, presenting a strong return on investment opportunity. The current rental rates are below market value, providing an opportunity to increase rents to market rates and generate increased cash flow.

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Tax History for 1030 Wilcox Ave

Assessed Value (2020): $373,427
Year Land Value Improved Value Assessed Value
2020 $166,308 $207,119 $373,427

Home Value Compared to the Market

This property vs the competition

1030 Wilcox Ave is listed 34.69% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $549.63 per/sqft which puts the price per square foot 28.99% lower than the median price per square foot for the city of Los Angeles.

About 1030 Wilcox Ave

Detailed summary of property

1030 Wilcox Ave is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 36 bedrooms, 36 bathrooms, roughly 3,002 living square feet, and sits on an approximately 6,815 square foot lot. 1030 Wilcox Ave was first listed on ArdentRealEstateGroup.com on February 24, 2024. The homeowner is currently asking $1,650,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 34.69% higher than the median priced home. Local competing homes currently for sale include 1762 Glendale Blvd, 1600 N Alvarado St and 8642 Venice Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1030 Wilcox Ave has a days on market of 55 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1030 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 1030 Wilcox Ave

Public county record property details
Beds
6
Baths
6
Year built
1925
Sq. Ft.
3,002
Lot Size
6,812
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5533-014-017

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.
$709
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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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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