NOT LISTED FOR SALE

626 N Wilton Place Los Angeles, CA 90004

Larchmont Neighborhood

Estimated Value: $4,143,000

0.31 Acre
$13,255,165 Price per Acre
13,615 Sq Ft Lot

Last Sold April 30, 2019

Last sale price $2,450,000 $474 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $24,027/month

69 Days on Market

About This Lot

As of April 2019

626 & 632 North Wilton Place is a 1923 multifamily property with twelve one-bedroom/one-bathroom units across six bungalow-style buildings on a large lot with a 1:1 parking ratio. Less than one block south of Melrose Avenue and within walking distance to Paramount Studios, the property straddles East Hollywood and Koreatown, a burgeoning pocket in the Los Angeles real estate market.The property is currently zoned R3-1, there are two projects planned for development, a 34-unit and an 88-unit, both on Wilton within walking distance of this offering.This is a true value-add opportunity for an investor to acquire an asset that has substantial upside through renovations or redevelopment, meeting the strong market rents in an emerging, and highly desirable demand for bungalow type units with parking.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/17/2019

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/17/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $26,811

Lot Details

  • 0.31 Acre Lot
  • Property is zoned LAR3

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5522-007-020

Property Details

Property Type

Land

Est. Annual Taxes

$26,811

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5522-007-020
  • Geocode Override: No
  • Lot Size Area: 13615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2022
Sold by
Wilton Lp
Bought by
Gvsp 620 Wilton Llc
Current Estimated Value
$4,143,000

Purchase Details

Closed on
Nov 29, 2021
Sold by
Wilton Virginia
Bought by
The Wilton Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,928,050
Interest Rate
3.09%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 17, 2019
Closed on
Apr 16, 2019
Sold by
Delcor Wilton Llc
Bought by
Virginia Wilton Lp
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$2,640,000
Sold Price
$2,450,000
Premium/Discount to List
-$190,000
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,535,970
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2017
Sold by
Matias Theresa and The Daisy Ellis 2012 Irrevocab
Bought by
Delcor Wilton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2013
Sold by
Yip Edward
Bought by
Yip Edward and The Edward Yip Living Trust

Purchase Details

Closed on
Apr 4, 2013
Sold by
Yip Pauline
Bought by
Yip Edward

Purchase Details

Closed on
Dec 8, 2012
Sold by
Ellis Daisy
Bought by
Matias Theresa and Daisy Ellis 2012 Irrevocable T

Purchase Details

Closed on
Nov 26, 2012
Sold by
Yip Edward and Billy C Yip Living Trust
Bought by
Yip Morris and Ellis Daisy

Purchase Details

Closed on
Oct 17, 2000
Sold by
Yip Billy C
Bought by
Yip Edward and Billy C Yip Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gvsp 620 Wilton Llc $6,550,000 Fidelity National Title
The Wilton Lp -- Lawyers Title Corporation
Virginia Wilton Lp $2,450,000 None Available
Delcor Wilton Llc $2,110,000 None Available
Yip Edward -- None Available
Yip Edward -- None Available
Matias Theresa -- None Available
Ellis Daisy -- None Available
Yip Morris -- None Available
Yip Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Wilton Lp $1,928,050
Previous Owner Virginia Wilton Lp $2,535,970
Previous Owner Delcor Wilton Llc $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2019 04/30/19 Sold $2,450,000 -7.2% $474 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $2,640,000 -- $511 / 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
2023 $26,811 $2,224,773 $2,224,773 $0
2022 $16,628 $1,350,000 $1,340,000 $10,000
2021 $15,708 $1,262,444 $927,510 $334,934
2019 $13,516 $1,076,100 $430,440 $645,660
2018 $13,382 $1,055,000 $422,000 $633,000
2017 $1,758 $87,200 $55,110 $32,090
2016 $1,698 $85,491 $54,030 $31,461
2015 $1,683 $84,208 $53,219 $30,989
2014 $1,732 $82,559 $52,177 $30,382
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    90 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 19-429354

The MLS

APN: 5522-007-020

California Los Angeles County Los Angeles 90004 Larchmont

626 N Wilton Place, Los Angeles, CA

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