HUGE PRICE IMPROVEMENT & PRICED TO SELL! Bring all offers! 14 existing units in prime Mid City LA, all 2 Bed/1 Bath with 14 on-site parking spaces, and being offered at a low $196k per door and $277 per foot! The property will be delivered 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. Opportunity to make it $171k per door post-ADU completion. In place 11.06 GRM on current rents with the upside to a 5.54 GRM, and a 5.61% cap rate on current rents and T12 actual expenses, with the upside to a 13.84% cap rate. 8.83 GRM and 7.53% cap rate after ADU completion, assuming all other rents remain the same. Some highlighted features include brand new electrical subpanels in all units, both roofs were replaced in 2017 and done with permits, EQ seismic retrofit work has been completed, copper plumbing, brand-new laundry room with new owner-owned washer & dryer machines (NO leases), new master water heaters, and EQ shut off valves have been installed on the gas meters. Some tenants are on RUBS for utility reimbursements to lower operating costs, and the building is separately metered for both gas & electricity. There's 95% 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, and is just blocks away from Country Club Park!
This property is $1.7M more than the Median Sold Price and $363/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24419799
Listing Office:
Office Name: Avenue Realty Group
Office Phone: (310) 310-8624
Listing Agent: Jonathan Rawson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/26/2024, 3:21:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 14, 1988
Jul 14, 1988Home Sold
$615,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$14,227
$1,066,195
2020
$13,837
$1,055,264
2019
$13,562
$1,034,574
2018
$13,250
$1,014,289
2017
$13,250
$994,402
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Carson - Gore Academy of Enviornmental Studies
3200 W Washington Blvd
Distance between this listing and this school0.45 miles
Public District Grades KG-5
4
/10
Los Angeles Elementary
1211 S Hobart Blvd
Distance between this listing and this school0.56 miles
Public District Grades KG-5
4
/10
City Language Immersion Charter
4001 Venice Blvd
Distance between this listing and this school0.61 miles
Public Charter Grades KG-5
Nearby Schools
4
/10
Pico Pico Middle School
1512 Arlington Ave
Distance between this listing and this school0.20 miles
Public District Grades 6-8
5
/10
Crown Preparatory Academy
2055 W 24th St
Distance between this listing and this school0.69 miles
Public Charter Grades 5-8
3
/10
Johnnie Cochran Jr. Middle School
4066 W Johnnie Cochran Vis
Distance between this listing and this school0.74 miles
Public District Grades 6-8
Nearby Schools
7
/10
Math and Science College Preparatory
3202 W Adams Blvd
Distance between this listing and this school0.88 miles
Public Charter Grades 9-12
9
/10
Girls Academic Leadership Academy Dr. Michelle King School STEM
1067 West Blvd
Distance between this listing and this school1.24 miles
Public District Grades 6-12
3
/10
Los Angeles High School
4650 W Olympic Blvd
Distance between this listing and this school1.29 miles
The neighbors living near this home have an average income of $26,215. The majority of Los Angeles, CA residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1532 S Wilton Pl
What is the listing price of this property?
The listing price of 1532 S Wilton Pl property is $2,750,000.
What type of property is this?
The property 1532 S Wilton Pl is a house located in Los Angeles, California, 90019.
Is this property for sale now?
Sale Pending: 1532 S Wilton Pl is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $14,227 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on July 14, 1988 for $615,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1532 S Wilton Pl has 28 bedrooms and 14 bathrooms.
What is the square footage of this property?
The property 1532 S Wilton Pl is 9,916 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1532 S Wilton Pl is 1960.
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This home is located at 1532 S Wilton Pl in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 9,916 square foot home, which was built in 1960, sits on a 0.30 acre lot. Features: 28 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $2,750,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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