1408 S Wilton Pl 21 Unit Apartment Building $5,023,605 CAD ($239,219 CAD/Unit) 5.63% Cap Rate Los Angeles, CA 90019

Kidder Mathews, as exclusive listing agent, is pleased to present 1408 S Wilton Place, a 21-unit apartment community located in a highly desirable Arlington Heights neighborhood, offered for the first time in nearly 30 years.
THE ASSET
Built in 1963, 1408 S Wilton Place is a 21-unit apartment community featuring an attractive mix of 15 one-bedroom units and 6 two-bedroom units. The property has been well maintained throughout its nearly 30 years of ownership and offers residents a secure living environment with gated entry, surveillance cameras, mature trees, and lush landscaping.
Unit interiors are generally in classic condition with select upgrades, including updated flooring and finishes in certain units, providing a strong foundation for future improvements. The property presents a compelling value-add opportunity with approximately 35% rental upside achievable through unit turnover and strategic interior renovations.
Situated on a sizable 13,162 square foot lot, the property offers additional long-term value creation potential through future ADU development in the rear parking area and/or the possible conversion of existing tuck-under parking, subject to buyer investigation and municipal approvals. The property also features 23 on-site parking spaces, consisting of 10 tuck-under spaces and 13 surface spaces, along with dedicated tenant storage areas and convenient on-site laundry facilities. The property is separately metered for gas and electricity, and the soft-story seismic retrofit has been completed.
THE NEIGHBORHOOD
1408 S Wilton Place is ideally located in Arlington Heights, a centrally positioned Los Angeles neighborhood adjacent to Koreatown, Mid-City, and Mid-Wilshire. Situated west of Western Avenue and just north of Pico Boulevard, the property benefits from convenient access to Downtown Los Angeles, Hollywood, Miracle Mile, Beverly Hills, and numerous major employment centers throughout the region.
Residents enjoy a quieter residential setting while remaining just minutes from the renowned dining, shopping, and entertainment destinations of Koreatown. The property is within walking distance of neighborhood-serving retail and restaurants along Pico Boulevard and is located approximately 400 feet from the major transit stop at Wilton Place and Pico Boulevard, providing convenient access to public transportation and enhancing connectivity throughout the city.
Arlington Heights benefits from its central location, strong transportation infrastructure, and proximity to some of Los Angeles' most dynamic neighborhoods. Combined with immediate access to Koreatown's extensive amenity base, employment centers, and cultural attractions, the area continues to attract a diverse tenant pool and support strong rental demand, stable occupancy, and long-term multifamily investment performance.