1814 South Wilton Place
Los Angeles, CA 90019
Originally built in 1929, the subject property consists of a single 3-story building situated on an approximate 7,500 SF parcel. It has total leasable SF of approximately 10,862 SF consisting of 16 units, with a mix of studios and 1 bedroom + 1 bath units. The laundry facility is the only space located on the 3rdfloor. This area will be re-purposed into an ADU (depending on SF of layout) or a common space.
The business plan calls for repositioning the existing studios to One Bed + One bath units, and the existing One bedroom + One bath units to Two bedroom + Two bath units.
The property is located inthe Arlington Heights neighborhood of Los Angeles, one of the most desirable neighborhoods for people who want easy access to Downtown LA, large employment centers, and a nightlife scene. It offers residents an urban suburban mix feel with a remarkable concentration of intact American Foursquare, Craftsman and Spanish Colonial Revival homes.