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Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 2,250,000

Est. payment | -/mo

9 Beds

8 Baths

5,634 SqFt

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$ 2,250,000

Est. payment | -/mo

Save

9 Beds

8 Baths

5,634 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,634 sqft

Price per Sqft $399

MLS Listing ID 26652077

Bedrooms 9

HOA Y/N No

Year Built 1934

Lot Size 10,493 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAC4

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Garage

Pool None

Community Features Gated

Total Parking Spaces 7

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5081023011

Security Features Gated Community,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Ki Seon Im Ivy Realty Co. #01860439

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA, 90803, USA

1251 S Wilton PL Los Angeles, CA 90019

Drake Cruz

Key Details

Location

Interior

Exterior

Building

Others

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1251 S Wilton PL