We are 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.
|
DAYS ON MARKET
|
34
|
LAST UPDATED
|
4/2/2025
|
|
YEAR BUILT
|
1928
|
COMMUNITY
|
Hancock Park-Wilshire
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| AREA |
Hancock Park-Wilshire |
| GARAGE |
None |
| HEAT |
None |
| LOT |
8998 sq ft |
| PARKING |
None |
| STORIES |
4 |
| ZONING |
LAR3 |
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Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/4/25 8:17 AM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2025.
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