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939 South Wilton Place 939 S Wilton Pl 8 Unit Apartment Building $2,600,000 ($325,000/Unit) 4.88% Cap Rate Los Angeles, CA 90019
Investment Highlights
- $16,300 Monthly Gross Income Fully occupied with stable tenants.
- R3-1 | TOC Tier 2 Prime Mid-City location with long-term investment potential.
- Well-Maintained Corner Property Updated kitchens, bathrooms, flooring, windows, roof and A/C.
Executive Summary
Well-maintained corner property with approximately $16,300 in gross monthly income and stable, fully occupied tenants. The property successfully passed the June 2026 Housing Inspection and has been extensively updated over the years, including remodeled kitchens and bathrooms, quartz countertops, laminate flooring, vinyl windows, A/C units, roof, and security cameras.
The main 5BR/3BA house is currently rented by the room with a shared kitchen. Additional units are also rented and occupied. Owner currently pays water, gas, electricity, trash, and internet. Easy-to-manage property with a strong in-place income.
Located on an R3-1 lot in TOC Tier 2, with long-term investment and potential development value. Convenient Mid-City location near Hancock Park, Koreatown, DTLA, restaurants, shopping, and public transportation.
The main 5BR/3BA house is currently rented by the room with a shared kitchen. Additional units are also rented and occupied. Owner currently pays water, gas, electricity, trash, and internet. Easy-to-manage property with a strong in-place income.
Located on an R3-1 lot in TOC Tier 2, with long-term investment and potential development value. Convenient Mid-City location near Hancock Park, Koreatown, DTLA, restaurants, shopping, and public transportation.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.88% | Building Size | 5,349 SF |
| Sale Condition | Build to Suit | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.53 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1925 |
| Property Type | Multifamily | Parking Ratio | 1.12/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - R3-1 | ||
| Price | $2,600,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 4.88% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 12.53 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,349 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | R3, Los Angeles - R3-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,350 | 300 - 500 |
| 1+1 | 4 | $1,775 | 700 - 800 |
| 5+3 | 1 | $1,050 | 1,800 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5092-022-018 | Improvements Assessment | $254,370 |
| Land Assessment | $2,289,343 | Total Assessment | $2,543,713 |
Property Taxes
Parcel Number
5092-022-018
Land Assessment
$2,289,343
Improvements Assessment
$254,370
Total Assessment
$2,543,713
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939 South Wilton Place | 939 S Wilton Pl