1251 S Wilton Pl, Los Angeles, CA 90019
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1251 S Wilton Pl, Los Angeles, CA 90019
1251 S Wilton Pl, Los Angeles, CA 90019
1251 S Wilton Pl, Los Angeles, CA 90019
1251 S Wilton Pl, Los Angeles, CA 90019
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$ 2,250,000
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1251 S Wilton Pl Los Angeles, CA 90019

9 Beds

8 Baths

5,634 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,634 sqft

Price per Sqft $399

MLS Listing ID 26652077

Bedrooms 9

Year Built 1934

Lot Size 10,494 Sqft

Acres 0.2409

Property Sub-Type Multi-Family

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 easy access to the 10 Freeway, Mid-Wilshire, Koreatown, and Downtown LA, this fully leased asset delivers stable income with strong future potential. Two units will be delivered vacant at close of escrow (C.O.E.), presenting additional opportunity for repositioning or market rent adjustments. Please do not enter the property or disturb the occupants.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAC4

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling None

Equipment Range/Oven

Exterior

Parking Features Garage

Garage Spaces 7.0

Pool None

Roof Type Spanish Tile

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Ivy Realty Co.
Sharon Baluku
Sharon Baluku

Agent | License ID: 02203810

+1(323) 381-0266 | sharon@omwoyo.com

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1251 S Wilton Pl