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Wilton Place Apts – Hollywood 12 + ADU 1732 N Wilton Pl 12 Unit Apartment Building $2,850,000 ($237,500/Unit) 7.19% Cap Rate Los Angeles, CA 90028
Investment Highlights
- Turn-key 2021 gut renovation — all major systems new
- 3-room live/work penthouse — hard-to-replicate unit type
- New detached 2-BR ADU leased at $3,229/mo
- 10-space parking lot, ~9 vacant (~$18,000/yr upside)
Executive Summary
PRICE IMPROVEMENT — now $2,850,000, reduced $150,000. Wilton Place Apartments is a 1917 Craftsman taken to the studs in a 2021 gut renovation, in prime Hollywood, Los Angeles, offered at a 7.19% in-place cap rate on $204,851 of net operating income.
TURN-KEY 2021 GUT RENOVATION: All major building systems — plumbing, electrical, mechanical — were replaced in 2021, preserving the 1917 Craftsman's period character behind modern studio interiors. A de-risked, low-capex Hollywood hold.
NEW DETACHED ADU + LIVE/WORK PENTHOUSE: A newly constructed detached 2-bedroom ADU adds by-right density and a premium master-leased unit at $3,229/mo, and a finished 3-room live/work penthouse tops the main structure — unusual, hard-to-replicate unit types. Each unit is separately gas-metered and the ADU has its own electric meter.
10-SPACE PARKING LOT: Approximately nine vacant spaces offer roughly $18,000 per year of embedded income growth through lease-up.
PRIME HOLLYWOOD LOCATION: Minutes from the Metro B Line and the Sunset and Hollywood corridors, in one of Los Angeles' most supply-constrained rental submarkets.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.
TURN-KEY 2021 GUT RENOVATION: All major building systems — plumbing, electrical, mechanical — were replaced in 2021, preserving the 1917 Craftsman's period character behind modern studio interiors. A de-risked, low-capex Hollywood hold.
NEW DETACHED ADU + LIVE/WORK PENTHOUSE: A newly constructed detached 2-bedroom ADU adds by-right density and a premium master-leased unit at $3,229/mo, and a finished 3-room live/work penthouse tops the main structure — unusual, hard-to-replicate unit types. Each unit is separately gas-metered and the ADU has its own electric meter.
10-SPACE PARKING LOT: Approximately nine vacant spaces offer roughly $18,000 per year of embedded income growth through lease-up.
PRIME HOLLYWOOD LOCATION: Minutes from the Metro B Line and the Sunset and Hollywood corridors, in one of Los Angeles' most supply-constrained rental submarkets.
Offered individually or as part of a 7-asset Central-LA portfolio. Full OM, proforma, T-12 and rent roll available. Full co-broke offered.
Property Facts
| Price | $2,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $237,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.19% | Building Size | 7,204 SF |
| Gross Rent Multiplier | 9.66 | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1917/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $2,850,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| Gross Rent Multiplier | 9.66 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,204 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1917/2021 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | LARD1.5 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Stainless Steel Appliances
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Community-Wide WiFi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 184 - 850 |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | 555 |
| 3+1 | 1 | - | 1,050 |
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Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5544-002-011 | Improvements Assessment | $546,820 |
| Land Assessment | $1,181,135 | Total Assessment | $1,727,955 |
Property Taxes
Parcel Number
5544-002-011
Land Assessment
$1,181,135
Improvements Assessment
$546,820
Total Assessment
$1,727,955
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Wilton Place Apts – Hollywood 12 + ADU | 1732 N Wilton Pl