839 S Wilton Place, Los Angeles, CA 90005 - Berkshire Hathaway HomeServices California Properties

839 S Wilton Place, Los Angeles, CA 90005

$5,300,000 Approx. USD 15 beds, 40 baths
27,118 sqft

Listing Agent


Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25517403
Price: $5,300,000
Beds: 15
Baths: 40
Built in 1928
27,118 sqft
0.21 acres
Lot size: 0.2066
County: Los Angeles
Zoning: LAR3
Parking description: None
Heating/cooling: None
Heating description: None
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 4/3/2025

 Days On Market (DOM): 136

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.056835, -118.314614.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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