821 South Wilton Place
Los Angeles, CA, 90005 $ 3,985,000
Baths0.0 Sq 10,786 Monthly Estimate*
$ 26,486
Studio
for $3,985,000. This 10,786 square foot home was built in 1938 on a lot size of 0.21.
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.
See more
FeaturesGeneralZoning LAR3
Year Built 1938
Levels Two
County Los Angeles
Net Operating Income 210245.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 1.50
Senior Community Y/N No
MLS Area HPK - Hancock Park
Lot Size Square Feet 8999.0
Street Name Wilton
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type %
See more
InteriorKitchen Appliances Refrigerator
Total Stories 2
Air Conditioning Y/N No
Street Suffix Place
Laundry Features In Garage Community
Total Baths 0
See more
ExteriorParking Features Garage
Lot Size Area 8999.0
Foundation Details None
Building Area Total 10786.0
Lot Dimensions 60x150
Lot Size Acres 0.21
Lot Size Units Square Feet
Land Lease Type Fee
See more
* Excluded FeaturesList ByMatthew R. KannerListing Agent
Keller Williams Realty Los FelizBroker
Affordability Calculator
- Monthly Principal & Interest
- $26,486
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,977,410
Percent of Sale Price 50%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/18/2023 | $3,985,000 | -0.38% | Price Down |
4/29/2023 | $4,000,000 | | Listed Price |