1070 S Wilton Place, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 3 bath
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Los Angeles, California 90019
This Dual-Dwelling Value-Add Asset is listed at $2,300,000, positioned near its $2,236,646 Fair Market Value. The property features two permitted residences totaling 4,375 Sq. Ft. on a generous 8,035 Sq. Ft. lot in Koreatown, offering significant rental income or house-hacking potential. With a Condition Rating of 4, the 1922-built structures provide a clear path for forced appreciation and increased ROI through modernization. Proximity to top-rated schools like John Burroughs Middle and Queen Anne Place Elementary, plus a private patio, adds long-term value. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1070 S Wilton Place Subject | $2,300,000* List Price | 4 | 3 | 3,190 | $701 | - |
A 942 S Bronson Avenue Active | $1,920,000 List Price | 4 | 4 | 2,664 | $721 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this property shows its age. While the hardwood floors appear well-maintained, the kitchen features dated white tile, older white appliances, and cabinets that are not modern. Light fixtures throughout, such as the dining room chandelier and living room ceiling fan, are also outdated. The property is functional and appears to have been maintained, but it requires significant cosmetic updates, particularly in the kitchen and likely bathrooms (not pictured), and potential system upgrades to meet current quality standards and buyer expectations.
The property features two permitted houses on one lot, offering significant flexibility for rental income, multi-generational living, or a dedicated home office/studio space.
Situated in the heart of Koreatown, the property boasts excellent access to diverse amenities, dining, entertainment, and is conveniently close to Mid Wilshire and Beverly Hills.
With a combined living space of 4,375 Sq. Ft. (3,190 Sq. Ft. for the main house and 1,185 Sq. Ft. for the second house), the property offers ample room for various lifestyle needs.
Built in 1922, the property is over a century old, which may imply a need for significant updates to core systems (plumbing, electrical, HVAC) and general modernization to meet contemporary standards and preferences.
The property description does not highlight recent major renovations or upgrades, particularly for the main house, suggesting potential for substantial investment required for modernization.
The current list price of $2.3M represents a substantial increase from its 2021 sale price of $1.3M, which may require strong justification through recent upgrades or a detailed market analysis to potential buyers.
In the heart of Koreatown where you have the opportunity to purchase two houses on a lot, both are permitted. The front house has 4 bedrooms, 2.5 baths, two story, and has 3,190 Sq. Ft. living space. The 2nd house (1068 S. Wilton Place) has one bedroom, one bath, hardwood flooring, and 1,185 Sq. Ft. living space. Perfect for renting or a mother-in-law's house. Close to everything, including Mid Wilshire and Beverly Hills.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 3,190 | 1,807 | 91% |
| Lot Size | 8,035 | 6,207.5 | 88% |
| Price | $2.30M | $1.33M | 91% |
| Price per sq ft | $721 | $766 | 39% |
| Built year | 1922 | 1928 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 133 | 150 | 44% |
Feb 1, 2026
$2,300,000
Initial Listing
Jul 16, 2021
$1,300,000
Public Record
Apr 8, 1994
$210,000
Public Record