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

$2,199,000
  • 10 Beds
  • 7 Baths
  • 6,428 Sq.Ft.
For Sale
$2,199,000 Get Pre-Qualified
Map preview of 913 S Wilton Pl, Los Angeles, CA 90019

Property Overview: 913 S Wilton Pl Los Angeles, CA has 10 bedrooms, 7 bathrooms, 6,428 living square feet and 9,003 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: The epitome of a perfect investment opportunity in the heart of Koreatown, 913 South Wilton has hit the market after 35 years. Immaculately maintained by its current owners, this six-unit apartment complex offers a strategic blend of convenience, accessibility and value-add potential to ensure long-term growth for valuation-savvy investors. This prime location provides excellent access to Hollywood, Koreatown, Hancock Park, downtown and the vibrant Westside. One current owner-occupied unit, available for immediate occupancy, could be delivered vacant, creating significant value-add potential. Don't miss this opportunity to acquire an outstanding investment opportunity with the perfect mix of location, value-add potential and long-term growth.

Listed by Jinwook Cho | BRE #01456384 | Dream Realty & Investments Inc
Co-listed by Seung Soo "Eric" Min | BRE #01392922 | Dream Realty & Investments, Inc.
Last checked: 11 minutes ago | Last updated: June 6th, 2024 | Source CRMLS | DOM: 34
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Home details

Lot Sq. Ft
9,003
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24397529
City
Los Angeles
County
Los Angeles
Time on Site
34 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $7,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $3,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.24%
  • Gross Rent Multiplier: 16.52
  • Gross Scheduled Income: $11,100
  • Net Operating Income: $93,240
  • Gross Operating Income: $133,200
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 913 S Wilton Pl

Interior Features
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Vented Exhaust Fan, Range Hood, Range, Gas Cooktop, Gas Oven
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport, Covered, Concrete, Street
Property Information
  • Total # of Units: 6
  • Parcel Number: 5092022014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Between Wilshire and Olympic Blvd and the west side of S. Wilton Pl.
View more facts & features

Local Los Angeles Agent

Sale History for 913 S Wilton Pl

View property's historical transactions

  • May, 2024

  • May 29, 2024

    Date

    Active

    CRMLS: 24397529

    $2,199,000

    Price

  • October, 2023

  • Oct 17, 2023

    Date

    Expired

    CRMLS: 23277525

    $2,495,000

    Price

  • Jun 5, 2023

    Date

    Active

    CRMLS: 23277525

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 913 South Wilton, the epitome of a perfect investment opportunity in the heart of Los Angeles. This immaculately maintained 6-unit apartmentcomplex offers a strategic blend of convenience, accessibility, and value-add potential, ensuring long-term growth for the astute investor. Situated in a prime location, this property provides unrivaled access to Hollywood, Koreatown, Hancock Park, Downtown, and the vibrant Westside. Significant value-add potential can be made as two units will be delivered vacant, offering immediate opportunities for renovation or repositioning to attract higher-paying tenants. With upside potential in rental income, the new owner can raise rents to attractive market rates, further maximizing cash flow and long-term returns. As Los Angeles is experiencing continuous population growth and a robust demand for housing, 913 S. Wilton is well positioned to attract renters and is poised to be a reliable and steady investment opportunity for years to come. By capitalizing on the city's upward trajectory, you'll have the advantage of enjoying both incremental income growth and property value appreciation. Don't miss out on the chance to acquire this exceptional investment opportunity that seamlessly blends location, value-add potential, and long-term growth. Secure your place in the thriving real estate market of Los Angeles today by contacting me. Your future as a successful long-term investor awaits at 913 South Wilton.

  • October, 2023

  • Oct 17, 2023

    Date

    Expired

    CRMLS: 23270293

    $2,495,000

    Price

  • Jun 5, 2023

    Date

    Active

    CRMLS: 23270293

    $2,495,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to 913 South Wilton, the epitome of a perfect investment opportunity in the heart of Los Angeles. This immaculately maintained 6-unit apartment complex offers a strategic blend of convenience, accessibility, and value-add potential, ensuring long-term growth for the astute investor. Situated in a prime location, this property provides unrivaled access to Hollywood, Koreatown, Hancock Park, Downtown, and the vibrant Westside. Significant value-add potential can be made as two units will be delivered vacant, offering immediate opportunities for renovation or repositioning to attract higher-paying tenants. With upside potential in rental income, the new owner can raise rents to attractive market rates, further maximizing cash flow and long-term returns. As Los Angeles is experiencing continuous population growth and a robust demand for housing, 913 S. Wilton is well positioned to attract renters and is poised to be a reliable and steady investment opportunity for years to come. By capitalizing on the city's upward trajectory, you'll have the advantage of enjoying both incremental income growth and property value appreciation. Don't miss out on the chance to acquire this exceptional investment opportunity that seamlessly blends location, value-add potential, and long-term growth. Secure your place in the thriving real estate market of Los Angeles today by contacting me. Your future as a successful long-term investor awaits at 913 South Wilton.

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Tax History for 913 S Wilton Pl

Assessed Value (2020): $774,022
Year Land Value Improved Value Assessed Value
2020 $338,125 $435,897 $774,022

Home Value Compared to the Market

This property vs the competition

913 S Wilton Pl is listed 77.91% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $342.1 per/sqft which puts the price per square foot 55.86% lower than the median price per square foot for the city of Los Angeles.

About 913 S Wilton Pl

Detailed summary of property

913 S Wilton Pl is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 10 bedrooms, 7 bathrooms, roughly 6,428 living square feet, and sits on an approximately 9,003 square foot lot. 913 S Wilton Pl was first listed on ArdentRealEstateGroup.com on May 29, 2024. The homeowner is currently asking $2,199,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 77.91% higher than the median priced home. Local competing homes currently for sale include 1237 4th Ave, 1152 S Bronson Ave and 1250 5th Ave. While the average home in Los Angeles, CA is selling in 99 days, 913 S Wilton Pl has a days on market of 34 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 913 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 913 S Wilton Pl

Public county record property details
Beds
10
Baths
6
Year built
1940
Sq. Ft.
6,428
Lot Size
9,000
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5092-022-014

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
$1,399,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
79
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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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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