1251 Wilton Place

About this home

A rare opportunity to acquire a charming 8-unit apartment building showcasing classic Spanish-style architecture in the coveted Country Club Park neighborhood. Tucked among tranquil single-family homes and gated off Pico Boulevard, this impeccably maintained property offers both privacy and long-term investment appeal. Built in 1934 on a generous 10,494 sqft lot, the asset presents significant upside potential with rents currently below market value. The property consists of eight units, including seven 1-bed/1-bath units and one 2-bed/1-bath unit, generating a total monthly income of $13,557. Six out of seven garages provide additional rental income opportunities, further enhancing cash flow. Each unit is separately metered for gas and electricity, offering operational efficiency for ownership. Recent capital improvements have elevated the property's curb appeal and functionality, including newly landscaped gardens with lush turf, rose trees, and fresh greenery, as well as newly applied exterior paint. Upgraded garages, improved driveways, and a modern surveillance system add both value and convenience. One unit has been tastefully remodeled with new appliances. The property is located within the Country Club Park HPOZ (Historic Preservation Overlay Zone). Ideally located with easy access to the 10 Freeway, Mid-Wilshire, Koreatown, and Downtown LA, this fully leased asset delivers stable income with strong future potential. Two units will be delivered vacant at close of escrow (C.O.E.), presenting additional opportunity for repositioning or market rent adjustments. Please do not enter the property or disturb the occupants.