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1814 South Wilton Place, Los Angeles, CA 90019, USA

Residential Income

townhouse for sale

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Listed: 02/14/23

1814 South Wilton Place, Los Angeles, CA 90019, USA

Studio Bed:

1 Bath:

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Price

$ 3,55M

About This Townhouse

$250K Price Reduction. Seller is Motivated. 16 units located in Mid City Los Angeles, subject to the City of LA Rent control ordinance. Property will be delivered vacant (15 of 16 units currently vacant and boarded up) and has plans and permits ready to go to start construction. Plans call for converting all existing studios (7 total) to 1+1's and all existing 1+1's (9 total) to 2+2's. All units will have W/D in them. No parking onsite. Projected market rents are $1895 for the 1's and $2695 for the 2's - these are based on recent comparable projects such as 2204 7th Ave, located just blocks away and similarly redone including upsizing of the units. Projected Market CAP rate of 5.6% once the project is completed. Email LA for more info including a copy of the approved remodel plans.

Property Includes

Parking

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Arlington Heights Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.

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