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821 S Wilton Pl, Los Angeles, CA 90005
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821 S Wilton Pl Los Angeles, CA 90005

$3,985,000
  • 1 Beds
  • 20 Baths
  • 10,786 Sq.Ft.
For Sale
$3,985,000 Get Pre-Qualified
Map preview of 821 S Wilton Pl, Los Angeles, CA 90005

Property Overview: 821 S Wilton Pl Los Angeles, CA has 1 bedrooms, 20 bathrooms, 10,786 living square feet and 8,999 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: We are pleased to present 821 S Wilton Place, a Character French Normandy style 2-story, 20-unit value-add multi-family investment opportunity with 27%+ rental upside potential, located in the highly desirable Hancock Park adjacent submarket of Los Angeles, just west of Western Ave and south of Wilshire Blvd. Built in 1938, the building is comprised of 19 studios and 1 (1+1) units that average approximately 540+ gross square feet. Additionally, there are two non-conforming/bonus units in the basement, affording an investor the flexibility to capitalize on the potential addition of accessory dwelling units (ADU). The 10,786 square foot structure is situated on an 8,999 square foot LAR3 zoned lot. The property includes a rear backyard featuring mature pine trees, providing ample shade to this outdoor common area. There are 10 individual parking spots (with space to add bicycle and motorcycle parking) in the garage located below the building. The building's units feature large windows and include much of the original, colorful tile in the bathroom's stall showers and floor, and 11 of the units maintain hardwood flooring throughout. The property is separately metered for gas and electric, and there is a common area laundry room and master water heater in the basement. With a Walk Score of 84, the property's Hancock Park adjacent location, near the Wilshire Blvd and Western Ave intersection and 0.6 miles from the Wilshire/Western Metro Station, offers residents easy access to the countless shopping, dining, entertainment, and recreation options of Koreatown, Larchmont Village, Wilshire Center, Mid-Wilshire, and the revitalized Downtown Los Angeles less than 4 miles to the east. The building is 1.35 miles north of the 10 freeway, 2 miles south of the 2 and 101, and 3 miles northwest of the 110. 821 S Wilton Pl is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

Listed by Matthew R. Kanner | BRE #01349203 | Keller Williams Realty Los Feliz
Last checked: 15 minutes ago | Last updated: May 14th, 2024 | Source CRMLS | DOM: 385
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Home details

Lot Sq. Ft
8,999
HOA Dues
$0/mo
Year built
1938
Garage
10 Car
Property Type:
Multi Family
Status
Active
MLS#
23265294
City
Los Angeles
County
Los Angeles
Time on Site
346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 19
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,341
  • Total Rent: $25,475
  • Pro Forma/Market Rent: $32,375
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,315
  • Total Rent: $1,315
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.28%
  • Gross Rent Multiplier: 12.11
  • Gross Scheduled Income: --
  • Net Operating Income: $210,245
  • Gross Operating Income: $319,336
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 821 S Wilton Pl

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Property Details for 821 S Wilton Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community, In Garage
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 20
  • Parcel Number: 5092012004
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 821 S Wilton Place is ideally situated between Hancock Park and Koreatown 0.3 miles south of Wilshire Blvd and 0.3 miles west of Western Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 821 S Wilton Pl

Last leased for $1,595 on January 13th, 2023

  • January, 2023

  • Jan 30, 2023

    Date

    Expired

    CRMLS: 22211365

    $1,695

    Price

  • Oct 22, 2022

    Date

    Active

    CRMLS: 22211365

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    This is a great studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Does include a parking space. Has full bath and kitchen. Available now. Hurry - this will not last! Pictures are of a like unit.

  • January, 2023

  • Jan 17, 2023

    Date

    Expired

    CRMLS: 22211369

    $1,495

    Price

  • Oct 22, 2022

    Date

    Active

    CRMLS: 22211369

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Secured building. Photos are of a like unit - Available now!

  • January, 2023

  • Jan 13, 2023

    Date

    Expired

    CRMLS: 22211367

    $1,495

    Price

  • Oct 22, 2022

    Date

    Active

    CRMLS: 22211367

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    This is a great studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Does not include parking but can be put on the wait list and the fee for parking is $75/month, full bath and kitchen. Available now. Hurry - this will not last! Pictures are of a like unit.

  • January, 2023

  • Jan 13, 2023

    Date

    Leased

    CRMLS: 23231092

    $1,595

    Price

  • Jan 10, 2023

    Date

    Active

    CRMLS: 23231092

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    This is a great large studio with new flooring and kitchen. Located in a great area and beautiful building. Street parking only for now but you may get on a list for reserved parking.

  • November, 2022

  • Nov 24, 2022

    Date

    Expired

    CRMLS: 22133633

    $4,100,000

    Price

  • Mar 4, 2022

    Date

    Active

    CRMLS: 22133633

    $4,300,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 821 S Wilton Place, a Character French Normandy style 2-story, 20-unit value-add multi-family investment opportunity with 41%+ rental upside potential, located in the highly desirable Hancock Park adjacent submarket of Los Angeles, just west of Western Ave and south of Wilshire Blvd. Built in 1938, the building is comprised of 19 studios and 1 (1+1) units that average approximately 540+ gross square feet. Additionally, there are two non-conforming/bonus units in the basement, affording an investor the flexibility to capitalize on the potential addition of accessory dwelling units (ADU). The 10,786 square foot structure is situated on an 8,999 square foot LAR3 zoned lot. The property includes a rear backyard featuring mature pine trees, providing ample shade to this outdoor common area. There are 10 individual parking spots (with space to add bicycle and motorcycle parking) in the garage located below the building. The building's units feature large windows and include much of the original, colorful tile in the bathroom's stall showers and floor, and 11 of the units maintain hardwood flooring throughout. The property is separately metered for gas and electric, and there is a common area laundry room and master water heater in the basement. With a Walk Score of 86, the property's Hancock Park adjacent location, near the Wilshire Blvd and Western Ave intersection and 0.6 miles from the Wilshire/Western Metro Station, offers residents easy access to the countless shopping, dining, entertainment, and recreation options of Koreatown, Larchmont Village, Wilshire Center, Mid-Wilshire, and the revitalized Downtown Los Angeles less than 4 miles to the east. The building is 1.35 miles north of the 10 freeway, 2 miles south of the 2 and 101, and 3 miles northwest of the 110. 821 S Wilton Pl is well-positioned for a skilled value-add investor to implement a high-end unit/common area renovation program optimizing market rents, appreciation, and future returns.

  • October, 2022

  • Oct 5, 2022

    Date

    Leased

    CRMLS: 22201777

    $1,695

    Price

  • Sep 21, 2022

    Date

    Active

    CRMLS: 22201777

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

  • July, 2021

  • Jul 30, 2021

    Date

    Expired

    CRMLS: 21686342

    $1,350

    Price

  • Mar 1, 2021

    Date

    Withdrawn

    CRMLS: 21686342

    $1,350

    Price

  • Jan 28, 2021

    Date

    Active

    CRMLS: 21686342

    $1,350

    Price

  • Listing provided courtesy of CRMLS

    This is a great studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Includes one parking space, full bath and kitchen. Available now. Hurry - this will not last! Pictures are of like unit. Parking available for an extra $75 per month.

  • March, 2021

  • Mar 1, 2021

    Date

    Leased

    CRMLS: 21686288

    $1,425

    Price

  • Jan 28, 2021

    Date

    Active

    CRMLS: 21686288

    $1,350

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Secured building. Photos are of a like unit - Available now! Parking available for an extra $75 per month!

  • February, 2021

  • Feb 22, 2021

    Date

    Leased

    CRMLS: 21686252

    $1,250

    Price

  • Jan 28, 2021

    Date

    Active

    CRMLS: 21686252

    $1,175

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now. Parking is available for an extra $75 per month.

  • January, 2021

  • Jan 30, 2021

    Date

    Canceled

    CRMLS: 20646796

    $1,375

    Price

  • Dec 17, 2020

    Date

    Price Change

    CRMLS: 20646796

    $1,375

    Price

  • Oct 14, 2020

    Date

    Active

    CRMLS: 20646796

    $1,395

    Price

  • Listing provided courtesy of CRMLS

    New price is $1375 without parking and $1425 with parkling. This is a great studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Does not include a parking space. Street parking only but you can get on the wait list for a parking spot. Has full bath and kitchen. Available now. Hurry - this will not last! Pictures are of like unit.

  • October, 2020

  • Oct 7, 2020

    Date

    Expired

    CRMLS: 20600544

    $1,320

    Price

  • Aug 3, 2020

    Date

    Price Change

    CRMLS: 20600544

    $1,320

    Price

  • Jul 7, 2020

    Date

    Active

    CRMLS: 20600544

    $1,325

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

  • September, 2020

  • Sep 3, 2020

    Date

    Expired

    CRMLS: 20585410

    $1,250

    Price

  • Jun 15, 2020

    Date

    Withdrawn

    CRMLS: 20585410

    $1,250

    Price

  • Jun 2, 2020

    Date

    Active

    CRMLS: 20585410

    $1,250

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Secured building. Photos are of a like unit - Available now!

  • May, 2020

  • May 13, 2020

    Date

    Expired

    CRMLS: 20553320

    $1,425

    Price

  • Mar 9, 2020

    Date

    Withdrawn

    CRMLS: 20553320

    $1,425

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: 20553320

    $1,425

    Price

  • Listing provided courtesy of CRMLS

    This is a great studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Includes one parking space, full bath and kitchen. Available now. Hurry - this will not last! Pictures are of like unit.

  • August, 2019

  • Aug 10, 2019

    Date

    Leased

    CRMLS: 19489882

    $1,350

    Price

  • Jul 17, 2019

    Date

    Active

    CRMLS: 19489882

    $1,295

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Secured building. Photos are of a like unit - Available now!

  • December, 2018

  • Dec 5, 2018

    Date

    Leased

    CRMLS: 18407456

    $1,850

    Price

  • Nov 15, 2018

    Date

    Active

    CRMLS: 18407456

    $1,250

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Secured building. Photos are of a like unit - Showings start tomorrow 11/16/2018.

  • September, 2018

  • Sep 26, 2018

    Date

    Leased

    CRMLS: 18389418

    $1,095

    Price

  • Sep 23, 2018

    Date

    Active

    CRMLS: 18389418

    $1,095

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

  • January, 2018

  • Jan 4, 2018

    Date

    Leased

    CRMLS: 17298660

    $1,095

    Price

  • Dec 30, 2017

    Date

    Active

    CRMLS: 17298660

    $1,095

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

  • October, 2017

  • Oct 11, 2017

    Date

    Leased

    CRMLS: 17276936

    $1,095

    Price

  • Oct 4, 2017

    Date

    Active

    CRMLS: 17276936

    $1,095

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

  • July, 2017

  • Jul 11, 2017

    Date

    Leased

    CRMLS: 17249372

    $1,095

    Price

  • Jul 9, 2017

    Date

    Active

    CRMLS: 17249372

    $1,095

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

  • April, 2017

  • Apr 2, 2017

    Date

    Leased

    CRMLS: 17215926

    $995

    Price

  • Mar 29, 2017

    Date

    Active

    CRMLS: 17215926

    $995

    Price

  • Listing provided courtesy of CRMLS

    This is a great small studio located between Mid Wilshire and Koreatown. Walk to local restaurants and stores. Full bath and kitchen. Available now.

Show More

Tax History for 821 S Wilton Pl

Assessed Value (2020): $1,097,338
Year Land Value Improved Value Assessed Value
2020 $629,286 $468,052 $1,097,338

Home Value Compared to the Market

This property vs the competition

821 S Wilton Pl is listed 219.06% 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 $369.46 per/sqft which puts the price per square foot 52.27% lower than the median price per square foot for the city of Los Angeles.

About 821 S Wilton Pl

Detailed summary of property

821 S Wilton Pl is a multi family located in Los Angeles, CA 90005 and is currently for sale. This multi family property offers 1 bedrooms, 20 bathrooms, roughly 10,786 living square feet, and sits on an approximately 8,999 square foot lot. 821 S Wilton Pl was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner is currently asking $3,985,000 and was originally asking $4,000,000. 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 219.06% higher than the median priced home. Local competing homes currently for sale include 514 S Mariposa Ave, 204 N Manhattan Pl and 204 N Manhattan Pl. While the average home in Los Angeles, CA is selling in 94 days, 821 S Wilton Pl has a days on market of 385 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 821 S Wilton Pl Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 821 S Wilton Pl

Public county record property details
Beds
3
Baths
--
Year built
1938
Sq. Ft.
10,786
Lot Size
8,998
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5092-012-004

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$665
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$621
Total Inventory
35
Median Sale to List Price %
100.14%
Avg Days on Market
62
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (16.67%), 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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