1023 S Wilton Place, Los Angeles, California 90019, Los Angeles, 90019 - 7 bed, 7 bath
1023 S Wilton Place
Los Angeles, California 90019
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1023 S Wilton Place Subject | $1,390,000* List Price | 7 | 7 | 2,660 | $549 | - |
A 901 Westchester Place Active | $1,650,000 List Price | 7 | 4 | 2,853 | $578 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1917, this property is aged but functional, currently operating as a boarding house. While it features some updates such as solar panels and laminate flooring, the kitchens and bathrooms are dated with basic, utilitarian finishes and older appliances. The use of window AC units suggests a lack of modern central HVAC, and the overall interior quality reflects a property maintained for high-occupancy rental use rather than a recent comprehensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
Currently operating as a boarding house with 7 en-suite bedrooms and a converted studio, the property generates significant cash flow with a projected monthly gross income of over $8,700.
- Versatile Investment Layout
The floor plan features a separate entrance for the second floor and a detached studio unit, making it an ideal setup for co-living, multi-generational housing, or multiple rental streams.
- Prime Koreatown Location
Situated in a high-demand, vibrant neighborhood near major markets and trendy dining, the property benefits from excellent walkability and strong rental demand.
CONSRISKS & DEFICIENCIES
- Vintage Condition
Built in 1917 and sold in its current condition, the property likely requires significant capital investment for modernization and maintenance to sustain its value.
- Underperforming Local Schools
The assigned public schools, particularly at the high school level, have low performance ratings, which may deter traditional family buyers and limit long-term appreciation compared to neighboring areas.
About 1023 S Wilton Place
A prime opportunity for investors or owner users in the heart of Koreatown. This spacious 7 bedroom, 7 bathroom home on a 7,955 sqft lot offers excellent flexibility for both owner users and investors. Ideally located near major markets, trendy restaurants, and shopping destinations, the property sits in one of Los Angeles' most convenient and vibrant neighborhoods. The current owner operates the property as a boarding house, renting out private bedrooms and generating approximately $6000 per month, with the potential to earn over $8700 monthly when fully leased. Each bedroom includes its own bathroom, providing comfort and privacy for every occupant. The second floor has a separate entrance, a full kitchen, and four large bedrooms with en suite bathrooms, making it perfect for co-living or a separate rental setup. The detached garage has been converted into a studio with a private bathroom, creating an additional income opportunity. The home also offers ample parking, including a gated carport and driveway, along with a dedicated laundry area for tenants. Solar panels provide added efficiency and long term savings. Property will be delivered in its current condition and can be delivered vacant upon request.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1917
- Lot Size
- 7,955 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wilton Place Elementary School
Grades K-5 • 0.5 mi
Los Angeles Elementary School
Grades K-5 • 0.6 mi
Carson-Gore Academy Of Enviornmental Studies
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 7.0 | 2.0 | 97% |
| Square foot | 2,660 | 1,796 | 87% |
| Lot Size | 7,955 | 6,102 | 87% |
| Price | $1.39M | $1.36M | 52% |
| Price per sq ft | $523 | $762 | 11% |
| Built year | 1917 | 1925 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 172 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,390,000
$1,499,000
-7% Price Drop
Initial Listing
Price Change
Feb 4, 2026
$1,499,000
Initial Listing
Sold
Dec 30, 2021
$1,250,000
Public Record
Sold
Feb 8, 1996
$210,000
Public Record