971 N Wilton Place Los Angeles, CA 90038
Hollywood NeighborhoodEstimated payment $7,455/month
Total Views
4,536
7
Beds
4
Baths
2,654
Sq Ft
$443
Price per Sq Ft
Highlights
- 4 Car Attached Garage
- STEM Academy at Bernstein High Rated A-
- Side by Side Parking
About This Home
Rare opportunity to secure a well-maintained Hollywood triplex with immediate upside and strong cash flow potential. Fully stabilized, the property can generate approximately $90,000 per year in gross rental income, yielding an estimated net operating income of $54,000 annually and a projected 4.5% cap rate at the $1.2 million purchase price. Current income totals $4,400 per month from two occupied units: a spacious 3-bedroom, 2-bath unit renting at $2,900/month and a 1-bedroom, 1-bath unit renting at $1,500/month. The third unit, delivered vacant, is a bright 1-bedroom, 1-bath with a private balcony, ready to lease at market rate of approximately $2,500/month, immediately boosting total monthly income to $7,500. Operating expenses are just $3,000 per month ($36,000 annually), supporting strong cash flow and a clear path to increase income by over 50% as existing below-market rents are adjusted over time. Zoned RD1.5XL, the property allows 5 units by right or up to 8 units with TOC Tier 2 bonuses, offering exceptional redevelopment potential in a rapidly transforming neighborhood. A similar property next door was recently redeveloped into 8+ units, highlighting the area's upside for developers. The building has been well maintained and features on-site parking and a private yard. The back unit, built in 2011, is not subject to LA's rent control ordinance (buyer to verify), providing additional long-term flexibility. Located near Paramount Studios and Hollywood's major employers, this property is an ideal opportunity for investors seeking immediate income with substantial growth potential. Buyers to independently verify all information.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,264
Year Built
- Built in 1913
Lot Details
- 6,752 Sq Ft Lot
Home Design
- Split Level Home
Interior Spaces
- 2,654 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Parking
- 4 Car Attached Garage
- Side by Side Parking
- Uncovered Parking
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 5536-016-006
Map
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Home Values in the Area
Average Home Value in this Area
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 | $12,264 | $991,397 | $721,106 | $270,291 |
| 2024 | $12,264 | $971,959 | $706,967 | $264,992 |
| 2023 | $12,037 | $952,902 | $693,105 | $259,797 |
| 2022 | $11,494 | $934,218 | $679,515 | $254,703 |
| 2021 | $11,346 | $915,901 | $666,192 | $249,709 |
| 2020 | $11,458 | $906,511 | $659,362 | $247,149 |
| 2019 | $11,016 | $888,737 | $646,434 | $242,303 |
| 2018 | $10,872 | $871,311 | $633,759 | $237,552 |
| 2016 | $10,393 | $837,479 | $609,150 | $228,329 |
| 2015 | $10,244 | $824,900 | $600,000 | $224,900 |
| 2014 | $8,744 | $681,077 | $542,451 | $138,626 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Price Changed | $1,174,995 | -2.1% | $443 / Sq Ft |
| 02/02/2025 02/02/25 | For Sale | $1,199,995 | +45.5% | $452 / Sq Ft |
| 10/06/2014 10/06/14 | Sold | $824,900 | -1.2% | $311 / Sq Ft |
| 09/03/2014 09/03/14 | Pending | -- | -- | -- |
| 07/01/2014 07/01/14 | For Sale | $834,900 | +23.1% | $315 / Sq Ft |
| 02/21/2013 02/21/13 | Sold | $678,000 | -7.0% | $255 / Sq Ft |
| 01/25/2013 01/25/13 | Pending | -- | -- | -- |
| 01/07/2013 01/07/13 | For Sale | $729,000 | -- | $275 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $825,000 | California Title | |
| Interfamily Deed Transfer | -- | California Title | |
| Grant Deed | $678,000 | Equity Title Los Angeles | |
| Interfamily Deed Transfer | -- | Equity Title Los Angeles | |
| Grant Deed | $185,000 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $535,600 | New Conventional | |
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $277,000 | Unknown | |
| Previous Owner | $272,300 | Unknown | |
| Previous Owner | $36,000 | Stand Alone Second | |
| Previous Owner | $166,315 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25492999
APN: 5536-016-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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