839 S Wilton Pl - Apartments FOR SALE


Los Angeles, CA 90005- Koreatown
$5,300,000 USD
310-909-5406
839 S Wilton Pl, Los Angeles, CA for Sale
$5,300,000 USD
Apartments - FOR SALE
1/6
null | 6.32% Cap Rate

839 S Wilton Pl
Los Angeles, CA 90005
Koreatown


HIGHLIGHTS

  • The Neema Group of Marcus & Millichap is pleased to present a 40-unit investment opportunity in prime Koreatown
  • The subject property features a unit mix of 25 singles and 15 one-bedrooms
  • At the asking price, the property is being offered at $195 PSF at a 6.32% CAP rate and 8.29 GRM on current income
  • Potential for additional upside as one or two ADU’s may be possible in the basement (Buyer to verify)

OVERVIEW

The Neema Group of Marcus & Millichap is pleased to present an exceptional 40-unit investment opportunity at 839 S Wilton Pl in the heart of Koreatown. Situated just south of W 8th St, this well-maintained property offers a compelling mix of 25 singles and 15 one-bedrooms, providing a stable income stream with additional upside potential. Offered at $195 per square foot with a 6.32% cap rate and 8.29 GRM on current income, this property presents an attractive investment profile. There is further value-add potential with the opportunity to develop one or two Accessory Dwelling Units (ADUs) in the basement (buyer to verify). The building is separately metered for electricity and features an on-site community laundry room leased with Wash, equipped with four washers and five dryers. Security cameras throughout the property enhance tenant security and operational efficiency. Located on the west side of Koreatown, the property benefits from proximity to Wilshire Park and is a short drive to Larchmont Village and Hancock Park. It boasts a high walk score of 87 and is within a half mile of the Metro D Line rail station and multiple Metro local lines along S Western Ave. The property is also walking distance to major retail destinations, including Koreatown Plaza, Western Plaza, and Koreatown Galleria. Koreatown is one of Los Angeles’ most vibrant and densely populated neighborhoods, home to approximately 120,000 residents. Since the early 2000s, an estimated $1 billion has been invested in Koreatown’s development, reinforcing its status as one of the city’s most sought-after submarkets. This offering represents a rare opportunity to acquire a well-positioned asset with stable income and significant value-add potential in one of Los Angeles’ most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

40

PRICE/UNIT

$132,500

CAP RATE

6.32%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Wiltona Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5092-012-007

ASK ABOUT THIS PROPERTY

Patricia EscobarMarcus & MillichapMore Info
310-909-5406

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Patricia EscobarMarcus & MillichapMore Info
310-909-5406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.