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1041 Wilcox Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 5 bed, 5 bath

1041 Wilcox Avenue, Los Angeles, California 90038 home-pic-0
ACTIVE$1,195,000
1041 Wilcox Avenue, Los Angeles, California 90038
5Beds
5Baths
3,205Sqft
6,141Lot
Year Built
1928
Close
-
List price
$1.2M
Original List price
$1.29M
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
225002691
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 3205(50th), beds - 5(67th), baths - 5(67th).

Prime Hollywood Triplex + Bonus Unit | 1041 Wilcox Ave | All Units Delivered Vacant | Property being Sold 'As is'.Unlock the potential of this rare vacant income property in the heart of Hollywood! Located at 1041 Wilcox Ave, this charming triplex + bonus unit offers the perfect blend of versatility, space, and location ideal for investors, developers, or savvy owner-users.The main triplex totals approximately 2,688 square feet and features:One 2-bedroom, 2-bathroom unit - spacious layout, perfect for an owner's unitTwo 1-bedroom, 1-bathroom units - ideal for long- or short-term rental incomeTucked away at the rear of the property is a separate 1-bedroom bonus unit with its own private one-car garage, providing additional rental potential or the perfect space for a home office, guest suite, or creative studio.All units are delivered vacant, offering a blank slate to renovate, customize, and set your own market rents from day one. Situated in a high-demand rental area just moments from Hollywood Blvd, Sunset Strip, studios, restaurants, and nightlife, this is a strategic opportunity in one of LA's most dynamic neighborhoods.Whether you're looking to invest, occupy, or develop, 1041 Wilcox is a must-see with endless upside.

Price History

Date
Event
Price
08/08/25
Price Change
$1,195,000
05/30/25
Listing
$1,295,000
05/31/00
Sold
$250,000
12/17/99
Sold
$220,000
Condition Rating
Poor
The property, built in 1928, is explicitly marketed 'As is' and as a 'blank slate to renovate,' which is consistent with the visual evidence. The kitchens feature very dated cabinets, countertops, older appliances, and highly outdated backsplashes (e.g., pink/blue small tiles). Bathrooms are similarly outdated with red tiled vanities and older fixtures. Flooring throughout is a mix of very old patterned tiles, basic square tiles, and some newer but low-end laminate. Light fixtures are basic and dated. While the property appears livable, it requires substantial repairs and rehabilitation to meet current quality standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Income Potential: Features a triplex plus a bonus unit, all delivered vacant, allowing immediate market-rate rental income and maximizing return on investment.
Prime Hollywood Location: Situated in a high-demand Hollywood rental market, offering excellent access to major attractions, studios, and entertainment, ensuring strong tenant interest and potential for appreciation.
Versatile Investment Opportunity: Ideal for a wide range of buyers including investors, owner-users, or developers, providing flexibility for various strategies and future growth.
Significant Value-Add Potential: Described as a 'blank slate' with 'endless upside,' offering substantial opportunity for renovation and customization to increase property value and rental yields.
Valuable Bonus Unit with Garage: Includes a separate 1-bedroom bonus unit with a private one-car garage, enhancing rental income potential or providing flexible space for personal use.

Cons

As-Is Sale Condition: The property is sold 'as-is,' indicating potential for deferred maintenance and requiring buyers to undertake all necessary repairs and upgrades.
Age of Property (1928): Built in 1928, the property is older, which may necessitate significant updates to plumbing, electrical, and other systems to meet modern standards and tenant expectations.
Substantial Capital Investment Required: To realize its full potential and maximize rental income, the property will require considerable upfront capital for renovations and improvements.

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