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$ 1,499,000
Est. payment /mo
Open 2/1 1PM-4PM
1023 S Wilton Place Los Angeles, CA 90019
7 Beds
7 Baths
2,660 SqFt
Open House
Sun Feb 01, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,660 sqft
Price per Sqft $563
MLS Listing ID CL25615143
Bedrooms 7
Full Baths 7
HOA Y/N No
Year Built 1917
Lot Size 7,955 Sqft
Acres 0.1826
Property Sub-Type Single Family Residence
Property Description
A prime opportunity for investors or owner users in the heart of Koreatown. This spacious 7 bedroom, 7 bathroom home on a 7,955 sqft lot offers excellent flexibility for both owner users and investors. Ideally located near major markets, trendy restaurants, and shopping destinations, the property sits in one of Los Angeles' most convenient and vibrant neighborhoods. The current owner operates the property as a boarding house, renting out private bedrooms and generating approximately $6000 per month, with the potential to earn over $8700 monthly when fully leased. Each bedroom includes its own bathroom, providing comfort and privacy for every occupant. The second floor has a separate entrance, a full kitchen, and four large bedrooms with en suite bathrooms, making it perfect for co-living or a separate rental setup. The detached garage has been converted into a studio with a private bathroom, creating an additional income opportunity. The home also offers ample parking, including a gated carport and driveway, along with a dedicated laundry area for tenants. Solar panels provide added efficiency and long term savings. Property will be delivered in its current condition and can be delivered vacant upon request.
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Laundry Dryer, Washer
Exterior
Pool None
Total Parking Spaces 7
Private Pool false
Building
Architectural Style See Remarks
Level or Stories Multi/Split
New Construction No
Others
Tax ID 5081024011
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Listed by H. Jason Yang • GAIA