1400 South Wilton Place

Los Angeles, CA 90019

$1,900,000
Price
18
Beds
8
Baths
10,610 Sq. Ft.
$179 / Sq. Ft.
10,610
Sq. Ft.
$179
per Sq. Ft.
a view of house with yard
a view of a house with a small yard and plants
an aerial view of a city
an aerial view of a city
a view of cars parked in a parking lot

Description

Don't miss this WOOD-FRAME/Brick Façade property (Buyer to Verify) - with 8 incredibly spacious floor plans! This 8-Unit multifamily investment opportunity is located in the heart of Mid-City/Arlington Heights submarket, just south of Pico Boulevard by Arlington. The building measures at 10,610 SF offering prospective renters with floor plans averaging approximately 1,300 SF per unit - and an attractive unit mix consisting of (6) two-bedroom units , and (2) three-bedroom units. Phenomenal value-add...Don't miss this WOOD-FRAME/Brick Façade property (Buyer to Verify) - with 8 incredibly spacious floor plans! This 8-Unit multifamily investment opportunity is located in the heart of Mid-City/Arlington Heights submarket, just south of Pico Boulevard by Arlington. The building measures at 10,610 SF offering prospective renters with floor plans averaging approximately 1,300 SF per unit - and an attractive unit mix consisting of (6) two-bedroom units , and (2) three-bedroom units. Phenomenal value-add potential with approximately 50% in upside in rents from current to market. On-site Parking for 8 cars and In-Unit Washer/Dryers.
  1. Listed by Everett Wong • DRE #01991247 • Brokerage DRE #01984315 • Greysteel California, Inc. • 310-382-6705

Property Details for 1400 South Wilton Place

Parking Spaces Total
0
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
10610
Assessor Parcel Number
5073-004-010
Property Attached YN
false
LISTING UPDATED: 09/18/2024 12:31 PM

Property Details for 1400 South Wilton Place

StatusActive
MLS #PW24085037
Days on Market192
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1922
Lot Size0.30 AC / 13,168 SF
CountyLos Angeles County

Building Information for 1400 South Wilton Place

Stories2Residences-Year Built1922Building Size-Lot Size0.30 AC / 13,168 SF

Property Information for 1400 South Wilton Place

Income / Expense / Tax Details
Income Details
  • Gross Income: $174,007
  • Gross Scheduled Income: $174,007
  • Net Operating Income: $102,862
  • Gross Multiplier: 10.9
  • Cap Rate: 5.6
Expense Details
  • Operating Expense: $65,925
  • Fuel Expense: $2,821
  • Electric Expense: $2,821
  • Insurance Expense: $7,753
  • Professional Management Expense: $6,751
  • Trash Expense: $6,306
  • Water Sewer Expense: $2,822
  • Total Expenses: $65,925
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: THE W
  • Tax Census Tract: 2213.04
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front of building on Wilton Pl
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,652
  • Unit Type Total Rent: $1,652
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $967
  • Unit Type Total Rent: $967
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,703
  • Unit Type Total Rent: $2,703
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,465
  • Unit Type Total Rent: $1,465
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $964
  • Unit Type Total Rent: $964
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,254
  • Unit Type Total Rent: $2,254
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 8
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 1400 South Wilton Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1400 South Wilton Place

Taxable ValueLand$669,125Additions$620,232Total$1,289,357
Tax Record2024$17,206 ($1,434 / month)
Home Facts
Total Finished SqFt10,610 SqFtAbove Grade Finished SqFt10,610 SqFtLot Size13,164 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAR3CountyLOS ANGELESAPN5073-004-010

Schools near 1400 South Wilton Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Carson-Gore Academy Of Enviornmental Studies
Public - K to 5
Pio Pico Middle School
Public - 6 to 8
Los Angeles Senior High School
Public - 9 to 12
Global Education Academy Middle School
Charter - 6 to 8
Rating
School
Distance
Carson-Gore Academy Of Enviornmental Studies
PublicK to 5

Pio Pico Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1400 South Wilton Place, Los Angeles, CA 90019

1400 South Wilton Place is a mixed use property for sale in Los Angeles, CA 90019. This property was listed for sale on April 29, 2024 by Greysteel California, Inc., it's currently listed at $1,900,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School and Los Angeles Senior High School. 1400 South Wilton Place is a 18-bed, 8-bath, 10,610 sqft mixed use property built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Greysteel California, Inc., Everett Wong, DRE #01991247

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.