821 S Wilton Place
Los Angeles, CA, 90005 $ 3,985,000
Bedrooms1 Baths21.0 Sq 10,786 Monthly Estimate*
$ 27,836
Listed by Keller Williams Realty Los Feliz
for $3,985,000 with 1 bedroom and 21 full baths. This 10,786 square foot home was built in 1938 on a lot size of 0.2066.
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.
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FeaturesGeneralCooling None
Appliances Refrigerator
Zoning LAR3
Garage Spaces 10.0
Year Built 1938
Stories 2
Levels Two
Gross Income 328980.0
County Los Angeles
Net Operating Income 210245.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Buyer Financing SellerFinancing
Directions 821 S Wilton Place is ideally situated between Hancock Park and Koreatown 0.3 miles south of Wilshire Blvd and 0.3 miles west of Western Ave.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 20
MLS Area C18 - Hancock Park-Wilshire
Lot Size Square Feet 8999.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Wilton
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 360
Standard Status Active
Year Built Source Assessor
Cap Rate 5.28
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ExteriorParking Features Garage
Total Parking 10.0
Lot Size Area 8999.0
Number of Buildings 1
Spa N
Building Area Total 10786.0
Lot Dimensions 60x150
Lot Size Acres 0.2066
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Place
Laundry Features CommonArea InGarage
Total Bedrooms 1
Electric On Property Y/N N
Total Baths 21
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* Excluded FeaturesList ByKeller Williams Realty Los FelizBroker
Affordability Calculator
- Monthly Principal & Interest
- $27,836
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% 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 $2,002,074
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.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/19/2023 | $3,985,000 | -0.38% | Price Down |
4/29/2023 | $4,000,000 | | Listed Price |