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$ 2,250,000
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Active
1251 S Wilton Place Los Angeles, CA 90019
5,634 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,634 sqft
Price per Sqft $399
MLS Listing ID CL26652077
HOA Y/N No
Year Built 1934
Lot Size 10,494 Sqft
Acres 0.24
Property Sub-Type Other
Property Description
A rare opportunity to acquire a charming 8-unit apartment building showcasing classic Spanish-style architecture in the coveted Country Club Park neighborhood. Tucked among tranquil single-family homes and gated off Pico Boulevard, this impeccably maintained property offers both privacy and long-term investment appeal. Built in 1934 on a generous 10,494 sqft lot, the asset presents significant upside potential with rents currently below market value. The property consists of eight units, including seven 1-bed/1-bath units and one 2-bed/1-bath unit, generating a total monthly income of $13,557. Six out of seven garages provide additional rental income opportunities, further enhancing cash flow. Each unit is separately metered for gas and electricity, offering operational efficiency for ownership. Recent capital improvements have elevated the property's curb appeal and functionality, including newly landscaped gardens with lush turf, rose trees, and fresh greenery, as well as newly applied exterior paint. Upgraded garages, improved driveways, and a modern surveillance system add both value and convenience. One unit has been tastefully remodeled with new appliances. The property is located within the Country Club Park HPOZ (Historic Preservation Overlay Zone). Ideally located with e
Location
State CA
County Los Angeles
Zoning LAC4
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5081023011
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Listed by Ki Seon Im • Ivy Realty Co.
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