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1732 N Wilton Pl 12 Unit Apartment Building $3,453,120 CAD ($287,760 CAD/Unit) 8.31% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- 12 Units in Prime Hollywood with Parking On-Site
- 8.25 GRM in the Heart of Hollywood, North of Hollywood Blvd
- Over $800,000 in Capital Improvements Completed
- A True 8.31% CAP Rate on Actual Income
- New Construction 2-Bedroom ADU Built on the Lot
- New Building Systems - New Roof, Re-piped Plumbing, Electrical Upgrades and New HVAC
EXECUTIVE SUMMARY
Nami Investment Group is proud to present a 12-unit property in a prime Hollywood location on 1732 Wilton Place. The property presents a rare opportunity to acquire a newly renovated building delivering a true 8.31% cap rate on actual income and a highly attractive 8.25GRM. The offering includes a brand-new, ground-up constructed 2-bedroom ADU, further enhancing income potential and long-term value.
Ownership has invested over $800,000 in capital improvements, ensuring a turnkey asset with minimal near-term expenses. Major upgrades include a new roof, fully re-piped plumbing, electrical upgrades, new HVAC units, and updated interiors throughout with high-end finishes. The property also benefits from on-site parking, a very highly desirable amenity in the Hollywood market.
Ideally situated just north of Hollywood Boulevard and east of Gower Street, the building is surrounded by new retail developments, popular dining destinations, and vibrant entertainment venues—all within walking distance. This combination of strong in-place income, significant upgrades, and a highly sought-after location makes the property a compelling investment in one of Los Angeles’ most dynamic rental markets.
Ownership has invested over $800,000 in capital improvements, ensuring a turnkey asset with minimal near-term expenses. Major upgrades include a new roof, fully re-piped plumbing, electrical upgrades, new HVAC units, and updated interiors throughout with high-end finishes. The property also benefits from on-site parking, a very highly desirable amenity in the Hollywood market.
Ideally situated just north of Hollywood Boulevard and east of Gower Street, the building is surrounded by new retail developments, popular dining destinations, and vibrant entertainment venues—all within walking distance. This combination of strong in-place income, significant upgrades, and a highly sought-after location makes the property a compelling investment in one of Los Angeles’ most dynamic rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$410,501
|
$56.98
|
| Taxes |
$89,508
|
$12.42
|
| Operating Expenses |
$38,256
|
$5.31
|
| Total Expenses |
$127,764
|
$17.74
|
| Net Operating Income |
$282,737
|
$39.25
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $410,501 |
| Annual Per SF | $56.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $89,508 |
| Annual Per SF | $12.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $38,256 |
| Annual Per SF | $5.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $127,764 |
| Annual Per SF | $17.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $282,737 |
| Annual Per SF | $39.25 |
PROPERTY FACTS
| Price | $3,453,120 CAD | Building Class | C |
| Price Per Unit | $287,760 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,204 SF |
| Cap Rate | 8.31% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.25 | No. Stories | 3 |
| No. Units | 12 | Year Built | 1917 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $3,453,120 CAD |
| Price Per Unit | $287,760 CAD |
| Sale Type | Investment |
| Cap Rate | 8.31% |
| Gross Rent Multiplier | 8.25 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,204 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1917 |
| Tenancy | Single |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Stainless Steel Appliances
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- Community-Wide WiFi
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $2,656 CAD | - |
| 2+1 | 1 | $4,350 CAD | - |
| 3+1 | 1 | $2,749 CAD | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 5544-002-011 | Total Assessment | $2,428,313 CAD (2025) |
| Land Assessment | $1,659,861 CAD (2025) | Annual Taxes | $89,508 CAD ($12.42 CAD/SF) |
| Improvements Assessment | $768,452 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5544-002-011
Land Assessment
$1,659,861 CAD (2025)
Improvements Assessment
$768,452 CAD (2025)
Total Assessment
$2,428,313 CAD (2025)
Annual Taxes
$89,508 CAD ($12.42 CAD/SF)
Tax Year
2024
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1732 N Wilton Pl
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