1251 S Wilton Place
Los Angeles, CA, 90019
$2,390,000
Beds
0 Baths
SqFt
0.24 Acres
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Welcome to this charming 8-unit apartment building, featuring classic Spanish-style architecture in the coveted Country Club Park neighborhood. Nestled amidst tranquil single-family homes, this impeccably managed property offers a serene setting, gated off at Pico Boulevard. Built in 1934 on a generous 10,491 sqft lot, this property presents significant income potential, with rents currently below market value. It consists of eight units (seven 1-bed/1-bath units and one 2-bed/1-bath unit), generating a total monthly income of $13,183. Additionally, six out of seven garages provide extra rental income opportunities. Recent enhancements include newly landscaped gardens with lush turf, rose trees, and fresh greenery, as well as newly applied exterior paint. The property also boasts upgraded garages, driveways, and a modern surveillance system. Each unit is separately metered for gas and electricity. One unit has been tastefully remodeled with new appliances. The property passed its housing inspection in October 2023 and offers easy access to the 10 Freeway, Mid-Wilshire, Koreatown, and Downtown LA. Fully leased with stable income and strong future potential, this investment opportunity is not to be missed. Two units will be delivered vacant at close of escrow (C.O.E.). Please refrain from entering the property or disturbing the occupants.

Property Details

Price:
$2,390,000
MLS #:
25501581
Status:
Active
Baths:
0
Address:
1251 S Wilton Place
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Feb 24, 2025
State:
CA
ZIP:
90019
Lot Size:
10,494 sqft / 0.24 acres (approx)
Year Built:
1934
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Interior

Cooling
None
Heating
Forced Air

Exterior

Garage Spaces
7.00
Parking Features
Garage
Parking Spots
7.00
Pool Features
None
Security Features
Gated Community, Smoke Detector(s)
Stories Total
2

Financial

Tenant Pays
Electricity, Gas

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1251 S Wilton Place
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