913 South Wilton Place

Los Angeles, CA 90019

$2,199,000
Price
10
Beds
6
Baths
6,428 Sq. Ft.
$342 / Sq. Ft.
6,428
Sq. Ft.
$342
per Sq. Ft.

Description

The epitome of a perfect investment opportunity in the heart of Koreatown, 913 South Wilton has hit the market after 35 years. Immaculately maintained by its current owners, this six-unit apartment complex offers a strategic blend of convenience, accessibility and value-add potential to ensure long-term growth for valuation-savvy investors. This prime location provides excellent access to Hollywood, Koreatown, Hancock Park, downtown and the vibrant Westside. One current owner-occupied unit, available...The epitome of a perfect investment opportunity in the heart of Koreatown, 913 South Wilton has hit the market after 35 years. Immaculately maintained by its current owners, this six-unit apartment complex offers a strategic blend of convenience, accessibility and value-add potential to ensure long-term growth for valuation-savvy investors. This prime location provides excellent access to Hollywood, Koreatown, Hancock Park, downtown and the vibrant Westside. One current owner-occupied unit, available for immediate occupancy, could be delivered vacant, creating significant value-add potential. Don't miss this opportunity to acquire an outstanding investment opportunity with the perfect mix of location, value-add potential and long-term growth.
  1. Listed by Jinwook Cho • DRE #01456384 • Brokerage DRE #01350852 • Dream Realty & Investments Inc
  2. Listed by Seung Soo "Eric" Min • DRE #01392922 • Dream Realty & Investments, Inc.

Property Details for 913 South Wilton Place

Zoning
LAR3
Parcel Number
5092022014
Total Units
6.0
Living Area
6428
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
1
Lot Size Area
9003
LISTING UPDATED: 11/25/2024 11:29 AM

Property Details for 913 South Wilton Place

StatusActive
MLS #24-397529
Days on Market206
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.21 AC / 9,003 SF
CountyLos Angeles County

Building Information for 913 South Wilton Place

Stories2Residences-Year Built1940Building Size-Lot Size0.21 AC / 9,003 SF

Property Information for 913 South Wilton Place

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 6
Contract Info
Contract Info
  • Disclosures: Historical, Rent Control, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $133,200
  • Net Operating Income: $93,240.00
  • Gross Income: $133,200
  • Gross Scheduled Income: $11,100
  • Cap Rate: 4.24%
  • Gross Rent Multiplier: $16.52
  • Actual Annual Gross Rent: $102,000.00
  • Monthly GrossI Income: $11,100.00
  • Actual Rent Total: $8,500.00
  • Financial Info as Of: 04/30/2024
  • Vacancy Allow Dollar: $6,660.00
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Gardener, Other
  • Total Annual Expense: 39960
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2067
  • Lot Size Square Feet: 9003
Parking Details
Parking Details
  • Parking Garage: Carport Detached, Covered Parking, Driveway - Concrete, On street
  • Total Parking: 6
  • Parking Features: Detached Carport, Covered, Concrete, Street
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Equipment: Dryer, Dishwasher, Ceiling Fan, Garbage Disposal, Hood Fan, Phone System, Cable, Satellite, Refrigerator, Range/Oven, Stackable W/D Hookup, Vented Exhaust Fan, Washer
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Granite Counters, Tile Counters
  • Kitchen Features: Granite Counters, Tile Counters
  • Room Bathroom Features: Shower, Tile Counters, Shower in Tub
  • Bathroom Features: Shower Stall, Tile, Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Gas Grill, Range Hood, Range, Cooktop - Gas, Oven-Gas
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-29-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $4,000.00
  • Unit Projected Rent: $7,800.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $457,994.00
  • Assessed Improvement Percent: 56.3
  • Assessed Land Value: $355,428.00
  • Assessed Land Percent: 43.7
  • Assessed Total Value: $813,422.00

Property History for 913 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 913 South Wilton Place

Taxable ValueLand$362,536Additions$467,353Total$829,889
Tax Record2024$11,237 ($936 / month)
Home Facts
Total Finished SqFt6,428 SqFtAbove Grade Finished SqFt6,428 SqFtLot Size9,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningLAR3CountyLOS ANGELESAPN5092-022-014

Schools near 913 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

913 South Wilton Place is a multi-family home for sale in Los Angeles, CA 90019. This property was listed for sale on May 29, 2024 by Dream Realty & Investments Inc, it's currently listed at $2,199,000. 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. 913 South Wilton Place is a 10-bed, 6-bath, 6,428 sqft multi-family home built in 1940.

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 Dream Realty & Investments Inc, Jinwook Cho, DRE #01456384; Dream Realty & Investments, Inc., Seung Soo "Eric" Min, DRE #01392922

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.