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$1,615,000

Beds
7
Baths
7.0
sq ft
2,660

1023 S Wilton Pl, Los Angeles, CA 90019

1023 S Wilton Pl

Los Angeles, CA 90019

  • 5 days on market
Location, Location, Location! This exceptional property is nestled in the desirable Country Club Park, providing unmatched convenience to major markets, an array of restaurants, and bustling shopping malls. The first floor boasts a generous layout, featuring two large bedrooms and one well appointed bathroom. A fully equipped kitchen perfect for cooking and entertaining. Dedicated laundry space for added convenience. A cozy living room ideal for relaxation and gatherings. The second floor has its own entrance, ensuring privacy and independence from the first floor. Another fully functional kitchen, providing the option for separate living quarters. Four sizeable individual bedrooms offer ample living space. Each bedroom has their own private bathroom. Ample parking spaces for all the units including a carport, offering secure and convenient parking for residents. The outside unit has been skillfully converted into a studio with its own bathroom, adding another potential rental unit. With its spacious layout and flexible living arrangements, there are numerous possibilities for future improvements and value-add projects. This property represents a prime investment opportunity, situated in a high demand area, diverse rental options, and strong income potential. Don't miss out on the chance to capitalize on this versatile and lucrative real estate asset.

Details

Property type

Single Family Residence

Est. home value

$1,455,666

Lot size

7,955 sq ft

Price per sq ft

$608

Year built

1917

Price History

07/01/2024
CRMLS

CRMLS #GD24122310

Listed
$1,615,000
+29.2%
01/19/2022
CLAW

CLAW #20663204

Sold
$1,250,000

Schools & Community

Neighborhood: 

Mid City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$615,433
Asking price
$1,615,000
Closing costs (~8% of asking)
-$129,200
Est. remaining loan balance
-$870,367
Cash to seller
$615,433

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

December 2021

Original loan amount

$900,000

Est. remaining balance

$870,367

Interest rate

3.05%

Loan type

New Conventional, 41 year

Seller

Oliver Yi

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/05/2024 at 6:05 PM

Listing updated: 07/03/2024 at 11:07 AM

Listed by: Daniel Yoo, Dream Realty La Crescenta Phone #: (818) 249-5222

MLS: CRMLS #GD24122310

CRMLS logo

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