1852 N Wilton Pl - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$2,050,000 USD
310-993-7600
1852 N Wilton Pl, Los Angeles, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/12
null | 6.24% Cap Rate

1852 N Wilton Pl
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Well-Maintained! | Most Major Systems Updated
  • Close Proximity to Los Feliz
  • All 1 Bedroom + 1 Bath Units
  • Going-In Cap Rate North of 6%

OVERVIEW

The Mogharebi Group is proud to present for sale The Wilton, a well-maintained 10-unit apartment building located at 1852 N. Wilton Place, just south of Franklin Avenue in Hollywood – in close proximity to Los Feliz. Built in 1957, the property encompasses +/- 6,180 square feet of improvements situated on a 7,826-square-foot lot. The property features an attractive unit mix of ten one-bedroom/one-bathroom apartments, each averaging approximately 610 square feet. Ownership has invested substantially in the property through numerous capital improvements, including new fiberglass exterior hallway decks and railings (2011), upgraded exterior lighting (2011), seismic retrofit (2017), a complete copper re-pipe of both the horizontal and vertical plumbing systems (2019), and a new roof (2023). In addition, three units have been extensively renovated with new kitchens, bathrooms, and flooring, while flooring has been upgraded in four additional units. The property also successfully passed its SB 326 balcony inspection in August 2023, demonstrating the exceptional care and pride of ownership that has gone into maintaining this asset. The Wilton presents investors with a rare opportunity to acquire a stabilized, pride-of-ownership asset in one of Los Angeles’ most desirable rental markets. Unlike many vintage Hollywood apartment buildings that require significant deferred maintenance, The Wilton has already undergone extensive capital improvements, allowing a new owner to focus on enhancing operations and increasing rental income rather than undertaking costly infrastructure projects.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

10

PRICE/UNIT

$205,000

CAP RATE

6.24%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Wilton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,516 SF

ZONING

LARD1.5

APN/PARCEL ID

5544-002-045

ASK ABOUT THIS PROPERTY

Peter StraussThe Mogharebi GroupMore Info
310-993-7600

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Peter StraussThe Mogharebi GroupMore Info
310-993-7600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.