971 N Wilton Place, Los Angeles, CA 90038

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
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971 N Wilton Place,Los Angeles, CA 90038
$1,174,995
  • 7 Beds
  • 4 Baths
  • 2,654 sq. ft.
  • Multi-family
  • Active
Listed by:sonny shackelford
Office:nicholas property group
MLS#:25492999
Source:CRMLS

Price summary

  • Price:$1,174,995
  • Price per sq. ft.:$442.73

About this home

Rare opportunity to secure a well-maintained Hollywood triplex with immediate upside and strong cash flow potential. Fully stabilized, the property can generate approximately $90,000 per year in gross rental income, yielding an estimated net operating income of $54,000 annually and a projected 4.5% cap rate at the $1.2 million purchase price. Current income totals $4,400 per month from two occupied units: a spacious 3-bedroom, 2-bath unit renting at $2,900/month and a 1-bedroom, 1-bath unit renting at $1,500/month. The third unit, delivered vacant, is a bright 1-bedroom, 1-bath with a private balcony, ready to lease at market rate of approximately $2,500/month, immediately boosting total monthly income to $7,500. Operating expenses are just $3,000 per month ($36,000 annually), supporting strong cash flow and a clear path to increase income by over 50% as existing below-market rents are adjusted over time. Zoned RD1.5XL, the property allows 5 units by right or up to 8 units with TOC

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Home facts

  • Year built:1913
  • Listing Id #:25492999
  • Added:197 day(s) ago
  • Updated:August 18, 2025 at 02:21 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Living area:2,654 sq. ft.

Structure and exterior

  • Year built:1913
  • Building area:2,654 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,174,995
  • Price per sq. ft.:$442.73
Based on information from California Regional Multiple Listing Service, Inc. as of August 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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