Los Angeles, CA 90019 1251 S Wilton Place
$2,350,000
31 more
Presented By: Ki Seon Im with Ivy Realty Co.;
Home Details
Welcome to this charming 8-unit apartment building boasting classic Spanish style architecture in the coveted Country Club Park neighborhood. Only 8 Unit Apt nestled amidst tranquil single-family homes, this impeccably managed property offers a tranquil setting gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, it presents significant income potential with rents currently below market value. Six out of seven garages offer additional rental income opportunities. The property features newly landscaped gardens with lush turf, rose trees, and new trees, newly beautiful paint, alongside upgraded garages, driveways, and surveillance systems. Each unit is equipped with separate gas and electric meters. One unit has recently undergone tasteful remodeling with new appliances. Passed housing inspection in Oct 2023. Enjoy easy access to the 10 freeway, Mid-Wilshire, Koreatown, and Downtown LA. Fully leased with stable income and promising future prospects, this investment opportunity is not to be missed. One unit will be delivered vacant at C.O.E. Please refrain from entering the property and disturbing the occupants.
Presented By: Ki Seon Im with Ivy Realty Co.;
Interior Features for 1251 S Wilton Place
Bedrooms
Total Bedrooms9
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Street SuffixPlace
Total Stories2
General for 1251 S Wilton Place
Additional Parcels Y/NNo
Architectural StyleSpanish
Attached Garage No
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingNone
CountyLos Angeles
Days on Market8
DirectionsNorth of Pico, west of Western, east of Arlington
DisclosuresHistorical
Garage Spaces7.0
Garage Y/NYes
Gross Income146314.0
HOA / Comm AssnNo
HeatingForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet10494.0
MLS AreaC18 - Hancock Park-Wilshire
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameWilton
Total Units8
View Y/NNo
Waterfront Y/NNo
Year Built1934
ZoningLAC4
Exterior for 1251 S Wilton Place
Building Area Total5634.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2409
Lot Size Area10494.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking7.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480