Active
1532 S Wilton Pl
Los Angeles CA, 90019
$3,075,000
$310.10 per sqft
Active
28 Beds
14 Baths
9,916 sqft
Residential
Built in 1960
LARGE PRICE REDUCTION! BRING ALL OFFERS! 14 existing units in prime Mid City LA with RTI's and approved plans by the City of LA to begin building (2) ADU's in the back, which would turn the building into 16 units and add substantial income, all while still having plenty of on-site tenant parking spaces post-ADU completion. This 1960's construction building has all 2 Bed/1 Bath units and is offered at a low $219,643 per unit, with the opportunity to make it $192,188 per unit post-ADU completion. In-place 12.4 GRM on current rents with the upside to a 6.35 GRM. The roof was replaced in 2017, has copper plumbing throughout, EQ retrofitting has been completed, brand new master water heater, and brand-new on-site laundry room for tenants. There's 100% rental upside for the next owner to achieve, and approximately 65% rental upside after ADU's are completed and assuming all other rents stay the same. There's everything to love about this prime and central Mid City location as it borders West Adams, Koreatown and Downtown Los Angeles and Pico Union.
24-355599
MLSⓇ ID
February 6, 2024
Listed
May 9, 2024
Updated
Map
1532 S Wilton Pl
Los Angeles CA, 90019
Interior Features
Total Stories
2
Bedrooms
28
Total Bathrooms
14
Appliances
Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Freezer, Washer, Refrigerator
Laundry Description
Community
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan, Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.3 Acres
Other Property Details
Area Name
Mid Los Angeles
Days on Market
62
Garage
No
Parking
Assigned
Parking Total
14
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
---|---|---|
4/8/2024 | Price Change | $3,075,000 -4% |
Listed by Jonathan Rawson with Avenue Realty Group
Listing Contact: 310-869-9137
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Debbie Weiss shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024