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971 N Wilton Pl, Los Angeles, CA 90038
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971 N Wilton Pl Los Angeles, CA 90038

$1,349,995
  • 4 Beds
  • 4 Baths
  • 2,654 Sq.Ft.
For Sale
$1,349,995 Get Pre-Qualified
Map preview of 971 N Wilton Pl, Los Angeles, CA 90038

Property Overview: 971 N Wilton Pl Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,654 living square feet and 6,752 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: A triplex in one of the hottest neighborhoods in rapidly changing Hollywood! We are pleased to present 971 N. Wilton Place. 3 existing units in the heart of Hollywood, with on-site parking & a private yard! Potential Owner/Users can enjoy the prospect of development while residing in the embodiment of the Southern California Dream; Hollywood. This RD1.5XL Zoned property boasts the ability to build 5 UNITS BY RIGHT (Small Unit Subdivision), or 8 UNITS utilizing TOC TIER 2, and is in the midst of revitalization and growth. A prime investment opportunity, this building also has a rare feature, in that the back unit was built in 2011, and is not subject to rent control ordinance! (Buyers to confirm with city and are solely responsible for all investigations).Additionally, Owner/Users can fully renovate & live in a unit, while their tenants help pay the mortgage! Walking distance to Paramount Pictures Studio! Buyer to participate in a 1031 Exchange at no extra charge to the buyer.

Listed by Sonny Shackelford | BRE #01899698 | Nicholas Property Group
Last checked: 2 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
6,752
HOA Dues
$0/mo
Year built
1913
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24439983
City
Los Angeles
County
Los Angeles
Time on Site
1 day
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,850
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 17.18
  • Gross Scheduled Income: --
  • Net Operating Income: $63,127
  • Gross Operating Income: $78,600
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 971 N Wilton Pl

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Property Details for 971 N Wilton Pl

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Side by Side, Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 5536016006
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica, North of Melrose
View more facts & features

Local Los Angeles Agent

Sale History for 971 N Wilton Pl

Last sold for $825,000 on October 6th, 2014

  • September, 2024

  • Sep 18, 2024

    Date

    Active

    CRMLS: 24439983

    $1,349,995

    Price

  • September, 2021

  • Sep 2, 2021

    Date

    Expired

    CRMLS: 21751288

    $1,349,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: 21751288

    $1,349,000

    Price

  • Jul 7, 2021

    Date

    Active Under Contract

    CRMLS: 21751288

    $1,349,000

    Price

  • Jun 21, 2021

    Date

    Active

    CRMLS: 21751288

    $1,349,000

    Price

  • Listing provided courtesy of CRMLS

    Hollywood triplex on a large 6,750 sq ft lot. This property is zoned RD1.5, Tier 2 TOC in a high demand location 1 block from Western Ave, north of Melrose and south of Santa Monica Blvd. Located in an ideal area near Paramount Studios, Hollywood Forever, and the 101 freeway. The neighborhood is seeing rapid growth and new construction properties in close proximity. Moments from Larchmont Village, Koreatown, and Silver Lake.

  • June, 2021

  • Jun 20, 2021

    Date

    Expired

    CRMLS: 21683830

    $1,349,000

    Price

  • Jan 27, 2021

    Date

    Active

    CRMLS: 21683830

    $1,349,000

    Price

  • Jan 22, 2021

    Date

    Coming Soon

    CRMLS: 21683830

    $1,349,000

    Price

  • Listing provided courtesy of CRMLS

    Hollywood triplex on a large 6,750 sq ft lot. This property is zoned RD1.5, Tier 2 TOC in a high demand location 1 block from Western Ave, north of Melrose and south of Santa Monica Blvd. Located in an ideal area near Paramount Studios, Hollywood Forever, and the 101 freeway. The neighborhood is seeing rapid growth and new construction properties in close proximity. Moments from Larchmont Village, Koreatown, and Silver Lake.

  • September, 2019

  • Sep 25, 2019

    Date

    Expired

    CRMLS: 19458892

    $1,399,000

    Price

  • May 31, 2019

    Date

    Price Change

    CRMLS: 19458892

    $1,399,000

    Price

  • Apr 24, 2019

    Date

    Active

    CRMLS: 19458892

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    A triplex in one of the hottest neighborhoods in rapidly changing Hollywood! We are pleased to present 971 N. Wilton Place. 3 existing units in the heart of Hollywood, with on-site parking & a private yard! Potential Owner/Users can enjoy the prospect of development while residing in the embodiment of the Southern California Dream; Hollywood. This RD1.5XL Zoned property boasts the ability to build 5 UNITS BY RIGHT (Small Unit Subdivision), or 8 UNITS utilizing TOC TIER 2, and is in the midst of revitalization and growth. A prime investment opportunity, this building also has a rare feature, in that the back unit was built in 2011, and is not subject to rent control ordinance! (Buyers to confirm with city and are solely responsible for all investigations).Additionally, Owner/Users can fully renovate & live in a unit, while their tenants help pay the mortgage! Walking distance to Paramount Pictures Studio!

  • October, 2014

  • Oct 6, 2014

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

  • February, 2013

  • Feb 21, 2013

    Date

    Sold (Public Records)

    Public Records

    $678,000

    Price

Show More

Tax History for 971 N Wilton Pl

Assessed Value (2020): $906,511
Year Land Value Improved Value Assessed Value
2020 $659,362 $247,149 $906,511

Home Value Compared to the Market

This property vs the competition

971 N Wilton Pl is listed 12.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $508.66 per/sqft which puts the price per square foot 33.77% lower than the median price per square foot for the city of Los Angeles.

About 971 N Wilton Pl

Detailed summary of property

971 N Wilton Pl is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 2,654 living square feet, and sits on an approximately 6,752 square foot lot. 971 N Wilton Pl was first listed on ArdentRealEstateGroup.com on September 18, 2024. The homeowner is currently asking $1,349,995. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.5% higher than the median priced home. Local competing homes currently for sale include 5154 Romaine St, 800 N Hobart Blvd and 5816 Willoughby Ave. While the average home in Los Angeles, CA is selling in 106 days, 971 N Wilton Pl has a days on market of 1 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 971 N Wilton Pl 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 971 N Wilton Pl

Public county record property details
Beds
7
Baths
3
Year built
1913
Sq. Ft.
2,654
Lot Size
6,749
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5536-016-006

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.
$666
Median Sold Price
$1,089,000
Median Sold Price/Sq.Ft.
$642
Total Inventory
47
Median Sale to List Price %
90.83%
Avg Days on Market
48
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), 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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