











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