Share This Listing

Message

957 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

1267-1277 N Wilton Pl
Los Angeles, CA 90038
Office Property For Sale

Investment Highlights

  • An 8,829-square-foot, two-story, mixed-use freestanding building with residential or office space above a commercial ground floor
  • The second floor includes a spacious communal and private patio area, along with six residential units that were previously used as office suites
  • Rear parking area provides additional income with signage leased by Lamar
  • Building is currently 31% occupied, with the last remaining lease set to expire in 2026
  • Second floor units have private bathroom with shower and kitchenette, presenting live-work repositioning opportunity
  • Surrounded by exceptional demand drivers including significant multifamily and office development with notable entertainment industry employers

Executive Summary

Kidder Mathews and Lee & Associates Investment Services Group are excited to present the sale of 1267-1277 N. Wilton Place, a 8,829-square-foot, two-story freestanding retail and office building located in the heart of Hollywood, Los Angeles. The building’s total footprint is approximately 10,500 square feet, which includes a 920-square-foot communal space and a 750-square-foot private deck.
Positioned at the hard corner of Wilton Place and Fountain Avenue, the ground floor features four retail units—three of which are vacant, while one is occupied with a lease expiring in 2026. The second floor includes a spacious communal area and six residential units, previously used as office suites, which can be combined. Each unit is equipped with a private bathroom (including a shower) and kitchenette, offering a prime opportunity for repositioning as live-work units. Additionally, the rear parking area generates extra income from signage leased by Lamar.
The property is surrounded by strong demand drivers, including substantial multifamily and office development, and is within close proximity to major entertainment employers such as Netflix, Viacom, and Technicolor. Located within a Federally Qualified Opportunity Zone, it offers easy access to the 101 Freeway and is just half a mile from the Hollywood/Western Metro station. The intersection of Fountain Avenue and Wilton Place sees a daily traffic count of 28,072 vehicles.
The property is being offered for sale at $4,600,000.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,829 SF
Building Class
C
Year Built
1923
Price
$4,600,000
Price Per SF
$521.01
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,414 SF
Building FAR
0.88
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
C2 - C2-/TOC Tier 2 aream, subject to AB 2334 and AB 2097., in QOZ, Transit Priority Area, SBA Qualified Hub Zone, Promise Zone, and State Enterprise Zone
Parking
6 Spaces (1 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Roof Terrace
  • Natural Light
  • Outdoor Seating
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
5536-001-011
Land Assessment
$651,742
Improvements Assessment
$434,490
Total Assessment
$1,086,232
  • Listing ID: 26215035

  • Date on Market: 7/20/2022

  • Last Updated:

  • Address: 1267-1277 N Wilton Pl, Los Angeles, CA 90038

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}