Address
1506 S Wilton Place Los Angeles, CA
Price
$ 3,600,000
Property Attributes
  • MLS#PW20188186
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90019
  • Style
  • Price$ 3,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10536
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Steven Bogoyevac with Steven M. Bogoyevac, Broker.
Property Description

1506 South Wilton Place is a partially renovated 12-unit apartment building in Los Angeles’ Arlington Heights neighborhood with 33 percent potential upside in rents. The building is a 1921 construction with a desirable mix of nine two-bed/one-bath and three one-bed/one-bath units that are separately metered for gas and electricity. Half of the units have been recently remodeled. The property also offers on-site laundry and eight surface parking spaces. 1506 South Wilton Place is located less than a mile north of the 10 Freeway, offering easy access to Downtown LA’s major employers and entertainment. The property is four blocks west of Western Avenue and Western Plaza Shopping Center (home to Food4Less, CVS, Panda Express, Wingstop, and more), and two blocks east of Pio Pico Middle School.This is a very dense rental area where over 84 percent of housing units within one mile are renter-occupied. Arlington Heights has begun to see an increase in development recently as the Koreatown boom spreads southwest. Two notable major developments projects in this neighborhood include the five-story, 28-unit building with streetfront commercial space and parking currently under construction at 3617 Venice Boulevard, less than a mile from the subject property, and The Arlington, a recently approved project that will see the rise of a four-story building with 84 apartments and 2,400 square feet of commercial space at 3300 Washington Boulevard, also less than a mile from the property.

Price History
9/10/2020 Listed $3,600,000

General Features

Attached Structure Detached
Co-Listing Agent Last Name David
Co-Listing Agent Last Name O'Keefe
Co-Listing Agent State License # 01928739
Co-listing Agent David O'Keefe - BRE#01928739
Community Features Urban
Directions Four blocks west of Western Avenue between Venice and Pico Boulevards
Garage Spaces 0.00
Levels Two
Listagentaor Pacific West
Listing Agent Steven Bogoyevac - BRE#01332755
Listing Agent State License 01332755
MLS Area C16 - Mid Los Angeles
Pool Features None
Price Per Square Foot 341.69
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 12
Zoning LAR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 10536.00
Lot Features Lot 10000-19999 Sqft
Lot Size Acres 0.3022
Lot Size Area 13165.0000
Lot Size Source Assessor
Lot Size Square Feet 13165.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 12
Number of Separate Gas Meters 12
Total Parking 8.00
Uncovered Spaces 8.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90019

Price
AVG $1.82M
$3.6M
Visits
AVG 37
37
Year Built
AVG 1934
1921

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