1059 N Wilton Place, Other, California 90038, Other, 90038 - 3 bed, 2 bath
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Other, California 90038
This property presents a High-Potential Investment Opportunity with a List Price of $939,000—positioned above the $866,717 Fair Market Value. While currently priced for the market, the LARD 1.5 Zoning on a 5,202 sqft lot provides significant upside for multi-unit development or ADU expansion. With a Condition Rating of 5, the home requires a full interior rehab, offering a blank canvas for value-add strategies. Located near the upcoming Echelon Studios, this is a strategic acquisition for Buy-and-Hold Investors or Developers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1059 N Wilton Place Subject | $939,000* List Price | 3 | 2 | 1,272 | $681 | - |
A 5552 Barton Avenue Sold | $940,000 | 2 | 1 | 1,548 | $607 | 0.2 mi |
B 5412 Barton Avenue Pending | $995,000 List Price | 2 | 1 | 1,368 | $727 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921 with a kitchen and interior finishes that appear to be 30+ years old. The presence of popcorn ceilings, dated oak cabinetry, old carpeting, and window AC units indicates the property requires a full rehab. The listing description further supports this by emphasizing the land's multi-unit development potential (LARD 1.5 zoning) rather than the home's current condition.
The property is zoned LARD 1.5 on a 5,202 sqft lot, providing a prime opportunity for investors to develop multi-unit housing or add a high-value ADU.
Located near major Hollywood studios and the massive Echelon Studios project, the property is positioned for significant long-term appreciation and high rental demand.
Unlike many properties in high-density areas, this lot offers extensive parking for multiple vehicles and a spacious backyard suitable for private gatherings.
Built in 1921, the home likely requires substantial updates to its interior finishes and systems to meet modern buyer expectations and maximize value.
Proximity to trendy nightlife, major studios, and freeway access may result in higher noise levels and traffic congestion, which could deter some residential buyers.
Excellent opportunity to live in close proximity to the trendy Hollywood studios, shopping, nightlife and easy access to freeways. Zoned LARD 1.5, this property is perfect for investors with a vision of building multi units or a buyer looking for a family home that they can customize to add in their personal touch. This home has 3 bedrooms with jack and jill bedrooms , a main bedroom and 2 baths. It features hardwood floors in the living room, tile flooring in the kitchen and eating area and carpet in the bedrooms. The spacious 5200 square feet lot provides ample parking space for multiple vehicles and a potential ADU in the back where you can also have a private family gathering. For people who love fruit bearing trees, this property boast several matured trees like guava, avocado, persimmon, fuji apple, banana, kalamundin (citrus) and dragon fruit. The nearby massive Echelon Studios construction is now underway offering restaurants, offices and retail anticipated to be completed by the end of 2026.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,272 | 1,326 |
| Lot Size | 5,202 | 5,044 |
| Price | $939.0K | $573.8K |
| Price per sq ft | $738 | $455 |
| Built year | 1921 | 1983 |
| HOA | $0 | $0 |
| Days on market | 63 | 737 |
May 20, 2026
$939,000
Initial Listing