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3994 S Wilton Pl 8 Unit Apartment Building $3,530,523 CAD ($441,315 CAD/Unit) 5.86% Cap Rate Los Angeles, CA 90062
Investment Highlights
- Located within an urban Los Angeles neighborhood with nearby access to retail, dining, and public transit.
- Convenient connectivity to major Los Angeles corridors enhances occupant accessibility.
- Infill positioning caters to both investors seeking steady demand and owner-occupants envisioning long-term occupancy.
- Offered as a residential property with an established footprint of approximately 500 square feet.
- Dense surrounding population supports strong rental potential.
Executive Summary
Located in the Leimert Park neighborhood, the subject property is centrally located offering quick access to premium entertainment such as The LA Memorial Coliseum and The Natural History Museum. The property is located a few miles from USC which provides access to a strong student rental market. The building has a diverse mix of 4 two-bedroom, and four studio units. Seven of the eight units have been completely remodeled with brand new electrical, plumbing, and mechanical. These units are also completely sub-metered for gas, electrical, and water resulting in an extremely low utility expense which is rare in the Los Angeles market. Due to the renovations the expense profile of the property is extremely low, and will allow for strong cash flow immediately.
Property Facts
| Price | $3,530,523 CAD | Building Class | C |
| Price Per Unit | $441,315 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 5.86% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling | ||
| Price | $3,530,523 CAD |
| Price Per Unit | $441,315 CAD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 2.1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5, Los Angeles - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Gated
- Online Services
- Walk-Up
- Smoke Detector
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5035-006-011 | Improvements Assessment | $466,601 CAD |
| Land Assessment | $1,244,272 CAD | Total Assessment | $1,710,873 CAD |
Property Taxes
Parcel Number
5035-006-011
Land Assessment
$1,244,272 CAD
Improvements Assessment
$466,601 CAD
Total Assessment
$1,710,873 CAD
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3994 S Wilton Pl
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