1251 S Wilton Place

Los Angeles, CA 90019

PRICE REDUCED

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-$10,000 (-0.43%)

$2,340,000

List Price

9

bed Beds

8

shower Baths

5,634 sqft

straighten / sqft

1934

calendar_month Built

Property Description

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.

Listing Information

List Price $2,340,000
Status Active
MLS 24373459
Type Residential Income
Year Built 1934
Lot Size 10,494
Structure Size 5,634
DOM 150
Courtesy Of Ivy Realty Co.
Listing Agent Ki Seon Im DRE#01860439

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 9
Total Bathroom
Bathrooms 8
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Ki Seon Im, Ivy Realty Co. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 12th, 2024 at 6:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.