839 S Wilton Pl

Los Angeles, CA 90005

$5,300,000
Price
15
Beds
40
Baths
27,118 Sq. Ft.
$195 / Sq. Ft.
27,118
Sq. Ft.
$195
per Sq. Ft.

Description

We are pleased to present an exceptional 40-unit investment opportunity at 839 S Wilton Pl in the heart of Koreatown. Situated just south of W 8th St, this well-maintained property offers a compelling mix of 25 singles and 15 one-bedrooms, providing a stable income stream with additional upside potential. Offered at $195 per square foot with a 6.32% cap rate and 8.29 GRM on current income, this property presents an attractive investment profile. There is further value-add potential with the opportunity...We are pleased to present an exceptional 40-unit investment opportunity at 839 S Wilton Pl in the heart of Koreatown. Situated just south of W 8th St, this well-maintained property offers a compelling mix of 25 singles and 15 one-bedrooms, providing a stable income stream with additional upside potential. Offered at $195 per square foot with a 6.32% cap rate and 8.29 GRM on current income, this property presents an attractive investment profile. There is further value-add potential with the opportunity to develop one or two Accessory Dwelling Units (ADUs) in the basement (buyer to verify). The building is separately metered for electricity and features an on-site community laundry room leased with Wash, equipped with four washers and five dryers. Security cameras throughout the property enhance tenant security and operational efficiency. Located on the west side of Koreatown, the property benefits from proximity to Wilshire Park and is a short drive to Larchmont Village and Hancock Park. It boasts a high walk score of 87 and is within a half mile of the Metro D Line rail station and multiple Metro local lines along S Western Ave. The property is also walking distance to major retail destinations, including Koreatown Plaza, Western Plaza, and Koreatown Galleria. Koreatown is one of Los Angeles' most vibrant and densely populated neighborhoods, home to approximately 120,000 residents. Since the early 2000s, an estimated $1 billion has been invested in Koreatown's development, reinforcing its status as one of the city's most sought-after submarkets. This offering represents a rare opportunity to acquire a well-positioned asset with stable income and significant value-add potential in one of Los Angeles' most dynamic neighborhoods.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 839 South Wilton Place

Zoning
LAR3
Parcel Number
5092012007
Total Units
40.0
Living Area
27118
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
0
Lot Size Area
8998
LISTING UPDATED: 04/02/2025 01:50 PM

Property Details for 839 South Wilton Place

StatusActive
MLS #25517403
Days on Market115
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.21 AC / 8,998 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750
Add your commute

Building Information for 839 South Wilton Place

Stories4Residences-Year Built1928Building Size-Lot Size0.21 AC / 8,998 SF

Payment Calculator

$29,255 per month

30 year fixed, 6.845% Interest

Principal and Interest

$27,769

Property Taxes

$1,486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 839 South Wilton Place

Community / Development
Community / Development
  • Number Of Units: 40
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $607,043
  • Net Operating Income: $335,215.00
  • Gross Income: $638,993
  • Cap Rate: 6.32%
  • Gross Rent Multiplier: $8.29
  • Actual Annual Gross Rent: $628,536.00
  • Actual Gross Annual Income: $638,993
  • Actual Rent Total: $628,536.00
  • Vacancy Allow Dollar: $31,950.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 271828
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2066
  • Lot Size Square Feet: 8998
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-27-2025
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,177.00
  • Unit Actual Rent: $29,432.00
  • Unit Projected Rent: $37,500.00
  • Like Units: 25
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,530.00
  • Unit Actual Rent: $22,946.00
  • Unit Projected Rent: $30,000.00
  • Like Units: 15
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $768,484.00
  • Assessed Improvement Percent: 62.96
  • Assessed Land Value: $452,041.00
  • Assessed Land Percent: 37.04
  • Assessed Total Value: $1,220,525.00

Property History for 839 South Wilton Place

DateEvent & SourcePriceAppreciation
Mar 1, 2025

Listed (Active)

CRMLS #25517403

$5,300,000—
Mar 1, 2025

Listed (Active)

CLAW #25517403

$5,300,000—
Sep 18, 1999

Sold

CLAW #99-009713

$810,000—
Jun 29, 1999

Pending

CLAW #99-009713

—
Feb 16, 1999

Listed (Active)

CLAW #99-009713

$850,000—
Jul 30, 1998

Expired

CLAW #823755

$895,000—
Jul 30, 1998

Listed (Active)

CLAW #823755

$895,000—
DateEvent & SourcePrice
03/01/2025

Listed (Active)

CRMLS #25517403

$5,300,000
03/01/2025

Listed (Active)

CLAW #25517403

$5,300,000
09/18/1999

Sold

CLAW #99-009713

$810,000
06/29/1999

Pending

CLAW #99-009713

—
02/16/1999

Listed (Active)

CLAW #99-009713

$850,000
07/30/1998

Expired

CLAW #823755

$895,000
07/30/1998

Listed (Active)

CLAW #823755

$895,000

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

Public Records for 839 South Wilton Place

Taxable ValueLand$452,041Additions$776,026Total$1,228,067
Tax Record2024$17,827 ($1,486 / month)
Home Facts
Total Finished SqFt27,118 SqFtAbove Grade Finished SqFt27,118 SqFtLot Size8,998 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLAR3CountyLOS ANGELESAPN5092-012-007

Schools near 839 South Wilton Place

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Wilton Place Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

Vista Horizon Global Academy
CharterK to 5

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.

Similar Homes

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839 South Wilton Place is a multi-family home for sale in Los Angeles, CA 90005. This property was listed for sale on March 1, 2025 by Marcus & Millichap, it's currently listed at $5,300,000. It has been on the market for a total of 115 days and was last sold on September 18, 1999. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilton Place Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 839 South Wilton Place is a 15-bed, 40-bath, 27,118 sqft multi-family home built in 1928.

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 Marcus & Millichap, Neema Ahadian, DRE #01346750

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.