1400 S Wilton Pl, Los Angeles, CA 90019
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1400 S Wilton Pl Los Angeles, CA 90019

$2,150,000
  • 18 Beds
  • 9 Baths
  • 10,610 Sq.Ft.
For Sale
$2,150,000 Get Pre-Qualified

Map preview of 1400 S Wilton Pl, Los Angeles, CA 90019

Property Overview: 1400 S Wilton Pl Los Angeles, CA has 18 bedrooms, 9 bathrooms, 10,610 living square feet and 13,168 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: Don't miss this WOOD-FRAME/Brick Façade property (Buyer to Verify) - with 8 incredibly spacious floor plans! This 8-Unit multifamily investment opportunity is located in the heart of Mid-City/Arlington Heights submarket, just south of Pico Boulevard by Arlington. The building measures at 10,610 SF offering prospective renters with floor plans averaging approximately 1,300 SF per unit - and an attractive unit mix consisting of (6) two-bedroom units , and (2) three-bedroom units. Phenomenal value-add potential with approximately 50% in upside in rents from current to market. On-site Parking for 8 cars and In-Unit Washer/Dryers.

Listed by Everett Wong | BRE #01991247 | Greysteel California, Inc.
Last checked: 6 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
13,168
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24085037
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,652
  • Total Rent: $1,652
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $967
  • Total Rent: $967
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,703
  • Total Rent: $2,703
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,465
  • Total Rent: $1,465
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $964
  • Total Rent: $964
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,254
  • Total Rent: $2,254
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 12.4
  • Gross Scheduled Income: $174,007
  • Net Operating Income: $102,862
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $65,925
  • Electric: $2,821
  • Gas/Fuel: $2,821
  • Trash: $6,306
  • Insurance: $7,753
  • Professional Management: $6,751
  • Water/Sewer: $2,822

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Property Details for 1400 S Wilton Pl

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 5073004010
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Pico Boulevard, East of Arlington Avenue
Neighborhood Information
  • Community Features: Urban
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Sale History for 1400 S Wilton Pl

Last sold on December 31st, 2013
  • April, 2024

  • Apr 29, 2024

    Date

    Active

    CRMLS: PW24085037

    $2,150,000

    Price

  • April, 2023

  • Apr 10, 2023

    Date

    Canceled

    CRMLS: 22221923

    $2,250,000

    Price

  • Dec 1, 2022

    Date

    Active

    CRMLS: 22221923

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    Don't miss this excellent 8-unit value-add investment opportunity located in the heart of Arlington Heights near the intersection of Arlington and Pico Boulevard. This property features an attractive unit mix of 6 two-bedroom units and 2 three-bedroom units, with floor plans averaging approximately 1,300 SF. This is a value add investment opportunity with approximately 65% upside in rents from current to market.

  • December, 2013

  • Dec 31, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1400 S Wilton Pl

Assessed Value (2020): $1,224,587
Year Land Value Improved Value Assessed Value
2020 $624,068 $600,519 $1,224,587

Home Value Compared to the Market

This property vs the competition

1400 S Wilton Pl is listed 72.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $202.64 per/sqft which puts the price per square foot 73.82% lower than the median price per square foot for the city of Los Angeles.

About 1400 S Wilton Pl

Detailed summary of property

1400 S Wilton Pl is a mixed use located in Los Angeles, CA 90019 and is currently for sale. This mixed use property offers 18 bedrooms, 9 bathrooms, roughly 10,610 living square feet, and sits on an approximately 13,168 square foot lot. 1400 S Wilton Pl was first listed on ArdentRealEstateGroup.com on April 29, 2024. The homeowner is currently asking $2,150,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 72.14% higher than the median priced home. Local competing homes currently for sale include 8282 W 4th St, 2016 S Bedford St and 755 S Boyle Ave. While the average home in Los Angeles, CA is selling in 94 days, 1400 S Wilton Pl has a days on market of 12 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1400 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 1400 S Wilton Pl

Public county record property details
Beds
19
Baths
8
Year built
1922
Sq. Ft.
10,610
Lot Size
13,164
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5073-004-010

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
$1,599,800
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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Related Resources to 1400 S Wilton Pl

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.