971 N Wilton Place, Los Angeles, CA 90038

Local realty services provided by:ERA North Orange County Real Estate
971 N Wilton Place,Los Angeles, CA 90038
$1,174,995
  • 7 Beds
  • 4 Baths
  • 2,654 sq. ft.
  • Multi-family
  • Active
Listed by:sonny shackelford
Office:nicholas property group
MLS#:25492999
Source:CRMLS

Price summary

  • Price:$1,174,995
  • Price per sq. ft.:$442.73

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

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Home facts

  • Year built:1913
  • Listing ID #:25492999
  • Added:240 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Living area:2,654 sq. ft.

Structure and exterior

  • Year built:1913
  • Building area:2,654 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,174,995
  • Price per sq. ft.:$442.73
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