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1251 S Wilton Pl, Los Angeles, CA 90019
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1251 S Wilton Pl Los Angeles, CA 90019

$2,350,000
  • 9 Beds
  • 8 Baths
  • 5,634 Sq.Ft.
For Sale
$2,350,000 Get Pre-Qualified
Map preview of 1251 S Wilton Pl, Los Angeles, CA 90019

Property Overview: 1251 S Wilton Pl Los Angeles, CA has 9 bedrooms, 8 bathrooms, 5,634 living square feet and 10,494 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: Welcome to this charming 8-unit apartment building boasting classic Spanish style architecture in the coveted Country Club Park neighborhood. Only 8 Unit Apt nestled amidst tranquil single-family homes, this impeccably managed property offers a tranquil setting gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, it presents significant income potential with rents currently below market value. Six out of seven garages offer additional rental income opportunities. The property features newly landscaped gardens with lush turf, rose trees, and new trees, newly beautiful paint, alongside upgraded garages, driveways, and surveillance systems. Each unit is equipped with separate gas and electric meters. One unit has recently undergone tasteful remodeling with new appliances. Passed housing inspection in Oct 2023. Enjoy easy access to the 10 freeway, Mid-Wilshire, Koreatown, and Downtown LA. Fully leased with stable income and promising future prospects, this investment opportunity is not to be missed. One unit will be delivered vacant at C.O.E. Please refrain from entering the property and disturbing the occupants.

Listed by Ki Seon Im | BRE #01860439 | Ivy Realty Co.
Last checked: 14 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
10,494
HOA Dues
$0/mo
Year built
1934
Garage
7 Car
Property Type:
Multi Family
Status
Active
MLS#
24373459
City
Los Angeles
County
Los Angeles
Time on Site
18 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $966
  • Total Rent: $966
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $955
  • Total Rent: $955
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,612
  • Total Rent: $1,612
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,612
  • Total Rent: $1,612
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,418
  • Total Rent: $1,418
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,654
  • Total Rent: $1,654
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.17
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $146,314
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1251 S Wilton Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 8
  • Parcel Number: 5081023011
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Pico, west of Western, east of Arlington
View more facts & features

Local Los Angeles Agent

Sale History for 1251 S Wilton Pl

Last sold for $2,058,000 on April 5th, 2023

  • April, 2024

  • Apr 15, 2024

    Date

    Active

    CRMLS: 24373459

    $2,350,000

    Price

  • April, 2023

  • Apr 5, 2023

    Date

    Sold

    CRMLS: SB23028069

    $2,058,000

    Price

  • Feb 17, 2023

    Date

    Active

    CRMLS: SB23028069

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    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.

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Tax History for 1251 S Wilton Pl

Assessed Value (2020): $625,061
Year Land Value Improved Value Assessed Value
2020 $384,045 $241,016 $625,061

Home Value Compared to the Market

This property vs the competition

1251 S Wilton Pl is listed 91.84% 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 $417.11 per/sqft which puts the price per square foot 46.11% lower than the median price per square foot for the city of Los Angeles.

About 1251 S Wilton Pl

Detailed summary of property

1251 S Wilton Pl is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 9 bedrooms, 8 bathrooms, roughly 5,634 living square feet, and sits on an approximately 10,494 square foot lot. 1251 S Wilton Pl was first listed on ArdentRealEstateGroup.com on April 15, 2024. The homeowner is currently asking $2,350,000. 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 91.84% higher than the median priced home. Local competing homes currently for sale include 826 S Gramercy Pl, 1152 S Bronson Ave and 800 S Norton Ave. While the average home in Los Angeles, CA is selling in 96 days, 1251 S Wilton Pl has a days on market of 17 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 1251 S Wilton Pl Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1251 S Wilton Pl

Public county record property details
Beds
8
Baths
8
Year built
1934
Sq. Ft.
5,634
Lot Size
10,490
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
5081-023-011

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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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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