New Pricing | 250K Price Adjustment | 1400 S Wilton Pl
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New Pricing | 250K Price Adjustment 1400 S Wilton Pl
8 Unit Apartment Building $1,900,000 ($237,500/Unit) 5.60% Cap Rate Los Angeles, CA 90019
Investment Highlights
- WOOD-FRAME/Brick Façade property (Buyer to Verify)
- On-site Parking for 8 Cars
- Approximately 50% Upside in Rents from current to market
- Incredibly spacious 2 and 3-Bedroom Units
Executive Summary
Updated with New Pricing! Don't miss this Wood-Frame/Brick Façade property (Buyer to Verify) - with 8 incredibly spacious floor plans! This 8-Unit multifamily investment opportunity is located in the heart of Mid-City/Arlington Heights submarket, just south of Pico Boulevard by Arlington. The building measures at 10,610 SF offering prospective renters with floor plans averaging approximately 1,300 SF per unit - and an attractive unit mix consisting of (6) two-bedroom units , and (2) three-bedroom units. Phenomenal value-add potential with approximately 50% in upside in rents from current to market. On-site Parking for 8 cars and In-Unit Washer/Dryer.
Property Facts
| Price | $1,900,000 | Apartment Style | Low Rise |
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.60% | Building Size | 10,610 SF |
| Gross Rent Multiplier | 10.9 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Price | $1,900,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 10.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 10,610 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 0.75/1,000 SF |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
| 3+1.5 | 2 | - | - |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 5073-004-010 | Improvements Assessment | $620,232 |
| Land Assessment | $669,125 | Total Assessment | $1,289,357 |
PROPERTY TAXES
Parcel Number
5073-004-010
Land Assessment
$669,125
Improvements Assessment
$620,232
Total Assessment
$1,289,357
zoning
| Zoning Code | R3-1-O-CPIO (Community Plan Implementation Overlay) |
| R3-1-O-CPIO (Community Plan Implementation Overlay) |
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Greysteel
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New Pricing | 250K Price Adjustment | 1400 S Wilton Pl
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