NOT LISTED FOR SALE

1023 S Wilton Place Los Angeles, CA 90019

Arlington Heights Neighborhood

Estimated Value: $1,554,000 - $1,609,716

7 Beds
7 Baths
2,660 Sq Ft
$597/Sq Ft Est. Value

Last Sold January 19, 2022

Last sale price $1,250,000 $470 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,925/month

302 Days on Market

Highlights

  • Solar Power System
  • Craftsman Architecture
  • Wood Flooring
  • Views of Trees
  • Living Room with Fireplace
  • 1-minute walk to Wilton Place Park

About This Home

As of January 2022

Beautiful investment opportunity in a 7 bedroom 7 bathroom home in the heart of Korea Town- the well maintained home is conveniently located in gorgeous area close to shops, amazing restaurants, and markets. The current owner is renting out 3 of the 7 bedrooms, averaging $3,400 per month. This is a fantastic opportunity to potentially manage and rent all rooms while collectively grossing over $7,000 per month. The home features solar panels and a usable laundry area for all tenants.

Last Agent to Sell the Property

Hong Yeol Kim

Dream Realty & Investments Inc License #01325467 Listed on: 11/23/2020

Dream Realty & Investments Inc

Last Buyer's Agent

Hong Yeol Kim

Dream Realty & Investments Inc License #01325467 Listed on: 11/23/2020

Dream Realty & Investments Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,056

Year Built

  • Built in 1917

Lot Details

  • 7,952 Sq Ft Lot
  • Lot Dimensions are 60x132
  • Property is zoned LAR1

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,660 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Views of Trees
  • Laundry Room

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Detached Carport Space

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5081-024-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,056

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Craftsman
  • Street Number Display: Yes
  • Living Area: 2660
  • Lot Acreage: 0.1826
  • Lot Dimensions: 60x132
  • Stories: 2
  • Year Built: 1917
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood
  • Bedrooms: 7
  • Full Bathroom: 7
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Solar Panels
  • Price Per S Q F T: 601.13

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5081-024-011
  • Lot Size Area: 7952

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2020
Closed on
Dec 2, 2021
Sold by
Sohn Onyon Linda and Onyou Linda Sohn Living Trust
Bought by
Yi Oliver
Seller's Agent
Hong Yeol Kim
Dream Realty & Investments Inc
Buyer's Agent
Hong Yeol Kim
Dream Realty & Investments Inc
List Price
$1,590,000
Sold Price
$1,250,000
Premium/Discount to List
-$340,000
-21.38%
Current Estimated Value
$1,588,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,179
Avg. Annual Appreciation
6.84%
Original Mortgage
$900,000
Outstanding Balance
$856,997
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$731,182

Purchase Details

Closed on
Jul 11, 2013
Sold by
Sohn Onyou Linda
Bought by
The Onyou Linda Sohn Living Trust

Purchase Details

Closed on
Apr 14, 2004
Sold by
Rhim Choon Jah
Bought by
Sohn On You Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2003
Sold by
Rhim Byung Hee
Bought by
Rhim Choon Jah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.15%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 8, 2001
Sold by
Rhim Byung Hee
Bought by
Rhim Byung Hee

Purchase Details

Closed on
Jun 21, 1999
Sold by
Rhim Choon Jah
Bought by
Rhim Byung Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.2%

Purchase Details

Closed on
Dec 8, 1995
Sold by
Lee Chung Kyu
Bought by
Rhim Byung Hee and Rhim Choon Jah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yi Oliver $1,250,000 Provident Title
The Onyou Linda Sohn Living Trust -- None Available
Sohn On You Linda $740,000 Stewart Title
Sohn On You Linda -- Stewart Title
Rhim Choon Jah -- Multiple
Rhim Byung Hee -- --
Rhim Byung Hee -- Chicago Title
Rhim Byung Hee $210,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yi Oliver $900,000
Previous Owner Sohn On You Linda $100,000
Previous Owner Sohn On You Linda $592,000
Previous Owner Rhim Choon Jah $345,000
Previous Owner Rhim Byung Hee $119,000
Previous Owner Rhim Byung Hee $10,000
Previous Owner Rhim Byung Hee $60,000
Previous Owner Rhim Byung Hee $225,000
Previous Owner Rhim Byung Hee $50,000
Previous Owner Rhim Byung Hee $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2022 01/19/22 Sold $1,250,000 -21.8% $470 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/09/2021 09/09/21 Price Changed $1,599,000 +6.7% $601 / Sq Ft
06/15/2021 06/15/21 Price Changed $1,499,000 -5.7% $564 / Sq Ft
11/23/2020 11/23/20 For Sale $1,590,000 -- $598 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,056 $1,326,510 $1,061,208 $265,302
2024 $16,056 $1,300,500 $1,040,400 $260,100
2023 $15,750 $1,275,000 $1,020,000 $255,000
2022 $15,024 $1,250,000 $1,000,000 $250,000
2021 $11,773 $971,987 $777,596 $194,391
2019 $11,422 $943,159 $754,533 $188,626
2018 $11,291 $924,667 $739,739 $184,928
2016 $10,785 $888,763 $711,015 $177,748
2015 $10,627 $875,414 $700,335 $175,079
2014 $10,088 $811,000 $648,000 $163,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2022

    Hong Yeol Kim

    Dream Realty & Investments Inc

    (213) 385-4989

    2 in this area

    8 Total Sales

    Hong Yeol Kim
    Section Image
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Map

Source: The MLS

MLS Number: 20-663204

The MLS

APN: 5081-024-011

California Los Angeles County Los Angeles 90019 Arlington Heights

1023 S Wilton Place, Los Angeles, CA

This home is located at 1023 S Wilton Place, Los Angeles, CA 90019 since 23 November 2020 and is currently estimated at $1,588,179, approximately $597 per square foot. This property was built in 1917. 1023 S Wilton Place is a home located in Los Angeles County with nearby schools including Carson-Gore Academy Of Enviornmental Studies, Pio Pico Middle School, and Los Angeles Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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