5911 S Wilton Place, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$1,075,000
5911 S Wilton Place, Los Angeles, California 90047
0Bed
0Bath
2,860Sqft
5,004Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Advanced Age of Building: Constructed in 1929, the property is nearly a century old, which may imply a need for significant capital expenditures for system upgrades or deferred maintenance.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property is nearly a century old. While the exterior appears maintained, there are no interior images to assess the condition of the kitchens and bathrooms. Given its age and the lack of any mentioned recent renovations, it is highly probable that the interior finishes, appliances, and major systems (plumbing, electrical, HVAC) are significantly outdated, likely dating back 30-50+ years. The property analysis explicitly notes the 'Advanced Age of Building' and the potential 'need for significant capital expenditures for system upgrades or deferred maintenance.' This aligns with a 'Poor' condition, indicating that substantial repairs and rehabilitation are required to modernize the units and bring systems up to current standards, even if the property is currently functional as a rental.
Year Built
1929
Close
-
List price
$1.07M
Original List price
$1.09M
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
SB25188989
Home ConditionPoor
Features
View-
About this home
Our team is pleased to present 5911 S Wilton Place – a high yield investment opportunity centrally located in South Los Angeles. The Spanish-Style building consists of (5) 1-bed/1-bath units all single story. Operating over a 6.4% CAP and at 10.42 GRM, this low maintenance asset generates over $100,000 in gross rental income with approximately 20% in upside rent potential. Located on a quiet residential street close to multibillion dollar developments in Inglewood and Downtown Los Angeles, this cash-cow is perfect for a first-time investor or seasoned operator looking to build long term wealth and hedge inflation in a gentrifying area.
Nearby schools
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.3mi
2/10
Western Avenue Elementary School
Public,•K-5•0.7mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.7mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.0mi
3/10
Budlong Avenue Elementary School
Public,•K-5•1.1mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.4mi
1/10
Horace Mann Junior High School
Public,•6-8•0.8mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.1mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
9/10
Middle College High School
Public,•9-12•5.6mi
Price History
Date
Event
Price
08/16/96
Sold
$177,500
01/13/17
Sold
$560,000
Condition Rating
Poor
Built in 1929, this property is nearly a century old. While the exterior appears maintained, there are no interior images to assess the condition of the kitchens and bathrooms. Given its age and the lack of any mentioned recent renovations, it is highly probable that the interior finishes, appliances, and major systems (plumbing, electrical, HVAC) are significantly outdated, likely dating back 30-50+ years. The property analysis explicitly notes the 'Advanced Age of Building' and the potential 'need for significant capital expenditures for system upgrades or deferred maintenance.' This aligns with a 'Poor' condition, indicating that substantial repairs and rehabilitation are required to modernize the units and bring systems up to current standards, even if the property is currently functional as a rental.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
High Investment Returns: The property presents a high-yield investment opportunity with a strong 6.4% CAP rate and 10.42 GRM, indicating robust financial performance.
Significant Rent Upside Potential: With approximately 20% in upside rent potential, there is considerable room for future income growth and increased profitability.
Strategic & Gentrifying Location: Centrally located in South Los Angeles, close to major developments in Inglewood and Downtown LA, positioning it within a gentrifying area ripe for appreciation.
Low Maintenance Asset: Described as a 'low maintenance asset,' which is highly appealing to investors seeking to minimize operational costs and management effort.
Charming Spanish-Style Architecture: The distinctive Spanish-Style building offers aesthetic appeal and character, potentially enhancing tenant attraction and property value.
Cons
Advanced Age of Building: Constructed in 1929, the property is nearly a century old, which may imply a need for significant capital expenditures for system upgrades or deferred maintenance.
Compact Unit Sizes: The five 1-bedroom/1-bathroom units average approximately 572 sqft each, which could be considered small and potentially limit the tenant demographic or rental premium.
Subpar Local School Ratings: The majority of schools in the immediate vicinity have low ratings (1-3), which might be a drawback for family-oriented tenants or long-term neighborhood desirability.