913 S Wilton Place, Los Angeles, California 90019, Los Angeles, 90019 - 0 bed, 0 bath
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913 S Wilton Place
Los Angeles, California 90019
ACTIVE
CONDITION: FAIR
0Beds
0Baths
6,428Sq Ft
9,003Lot Size
Property Price
LIST PRICE$1,990,000
EST. MARKET VALUE
$2,045,444
SUMMARY
This six-unit apartment complex represents a Prime Investment Opportunity in Koreatown, listed at a List Price of $1,990,000—positioned well below the $2,045,445 Fair Market Value by 2%. This valuation gap provides $55,445 in Instant Equity. With a Condition Rating of 4, the property offers significant value-add potential through unit modernization. The ability to deliver one unit vacant allows for immediate rental upside. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth in a high-demand rental submarket.
Estimated Market Value
$2,045,444
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1940 and under the same ownership for 35 years, the property is described as 'immaculately maintained' but offers 'value-add potential,' indicating dated interiors. While the structure and hardwood floors appear functional, the presence of window AC units and the age of the last likely renovation (>20 years) suggest that kitchens, baths, and systems require updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Central Location
Situated in the heart of Koreatown with immediate access to Hancock Park, Downtown LA, and the Westside, this property occupies a high-demand rental submarket with strong appreciation potential.
- Immediate Value-Add Potential
The opportunity to have one unit delivered vacant allows an investor to immediately capture market-rate rent or renovate the space to significantly increase the property's Net Operating Income.
- Pride of Ownership
Maintained by the same owners for 35 years, the property is described as immaculately kept, suggesting a lower likelihood of the heavy deferred maintenance often found in older multi-family assets.
CONSRISKS & DEFICIENCIES
- Rent Control Restrictions
Built in 1940, this property is subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits annual rent increases and can slow the path to achieving full market value across all units.
- Lack of Modern Amenities
The property lacks scenic views and modern infrastructure typical of newer developments, which may limit its appeal to high-end tenants looking for premium features like central air or contemporary layouts.
About 913 S Wilton Place
The epitome of a perfect investment opportunity in the heart of Koreatown, 913 South Wilton has hit the market after 35 years. Immaculately maintained by its current owners, this six-unit apartment complex offers a strategic blend of convenience, accessibility and value-add potential to ensure long-term growth for valuation-savvy investors. This prime location provides excellent access to Hollywood, Koreatown, Hancock Park, downtown and the vibrant Westside. One current owner-occupied unit, available for immediate occupancy, could be delivered vacant, creating significant value-add potential. Don't miss this opportunity to acquire an outstanding investment opportunity with the perfect mix of location, value-add potential and long-term growth.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1940
- Lot Size
- 9,003 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 6,428 | 4,065.4 |
| Lot Size | 9,003 | 6,744.9 |
| Price | $1.99M | $1.13M |
| Price per sq ft | $310 | $262 |
| Built year | 1940 | 1939 |
| HOA | $0 | $907 |
| Days on market | 21 | 110 |
Pricing History
Listed for Sale
Aug 19, 2026
$1,990,000
Initial Listing