Description
1506 South Wilton Place is a partially renovated 12-unit apartment building in Los Angeles Arlington Heights neighborhood with 49 percent potential upside in rents. The building is a 1921 construction with a desirable mix of nine two-bed/one-bath and three one-bed/one-bath units that are separately metered for gas and electricity. Half of the units have been recently remodeled. The property also offers on-site laundry and eight surface parking spaces. 1506 South Wilton Place is located less than a mile north of the 10 Freeway, offering easy access to Downtown LAs major employers and entertainment. The property is four blocks west of Western Avenue and Western Plaza Shopping Center (home to Food4Less, CVS, Panda Express, Wingstop, and more), and two blocks east of Pio Pico Middle School.This is a very dense rental area where over 84 percent of housing units within one mile are renter-occupied. Arlington Heights has begun to see an increase in development recently as the Koreatown boom spreads southwest. Two notable major developments projects in this neighborhood include the five-story, 28-unit building with streetfront commercial space and parking currently under construction at 3617 Venice Boulevard, less than a mile from the subject property, and The Arlington, a recently approved project that will see the rise of a four-story building with 84 apartments and 2,400 square feet of commercial space at 3300 Washington Boulevard, also less than a mile from the property. 1506 South Wilton Place is a partially renovated 12-unit apartment building in Los Angeles Arlington Heights neighborhood with 49 percent potential upside in rents. The building is a 1921 construction with a desirable mix of nine two-bed/one-bath and three one-bed/one-bath units that are separately metered for gas and electricity. Half of the units have been recently remodeled. The property also offers on-site laundry and eight surface parking spaces. 1506 South Wilton Place is located less than a mile north of the 10 Freeway, offering easy access to Downtown LAs major employers and entertainment. The property is four blocks west of Western Avenue and Western Plaza Shopping Center (home to Food4Less, CVS, Panda Express, Wingstop, and more), and two blocks east of Pio Pico Middle School.This is a very dense rental area where over 84 percent of housing units within one mile are renter-occupied. Arlington Heights has begun to see an increase in development recently as the Koreatown boom spreads southwest. Two notable major developments projects in this neighborhood include the five-story, 28-unit building with streetfront commercial space and parking currently under construction at 3617 Venice Boulevard, less than a mile from the subject property, and The Arlington, a recently approved project that will see the rise of a four-story building with 84 apartments and 2,400 square feet of commercial space at 3300 Washington Boulevard, also less than a mile from the property.
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3BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
1506 South Wilton Place is a partially renovated 12-unit apartment building in Los Angeles Arlington Heights neighborhood with 49 percent potential upside in rents. The building is a 1921 construction with a desirable mix of nine two-bed/one-bath and three one-bed/one-bath units that are separately metered for gas and electricity. Half of the units have been recently remodeled. The property also offers on-site laundry and eight surface parking spaces. 1506 South Wilton Place is located less than a mile north of the 10 Freeway, offering easy access to Downtown LAs major employers and entertainment. The property is four blocks west of Western Avenue and Western Plaza Shopping Center (home to Food4Less, CVS, Panda Express, Wingstop, and more), and two blocks east of Pio Pico Middle School.This is a very dense rental area where over 84 percent of housing units within one mile are renter-occupied. Arlington Heights has begun to see an increase in development recently as the Koreatown boom spreads southwest. Two notable major developments projects in this neighborhood include the five-story, 28-unit building with streetfront commercial space and parking currently under construction at 3617 Venice Boulevard, less than a mile from the subject property, and The Arlington, a recently approved project that will see the rise of a four-story building with 84 apartments and 2,400 square feet of commercial space at 3300 Washington Boulevard, also less than a mile from the property. 1506 South Wilton Place is a partially renovated 12-unit apartment building in Los Angeles Arlington Heights neighborhood with 49 percent potential upside in rents. The building is a 1921 construction with a desirable mix of nine two-bed/one-bath and three one-bed/one-bath units that are separately metered for gas and electricity. Half of the units have been recently remodeled. The property also offers on-site laundry and eight surface parking spaces. 1506 South Wilton Place is located less than a mile north of the 10 Freeway, offering easy access to Downtown LAs major employers and entertainment. The property is four blocks west of Western Avenue and Western Plaza Shopping Center (home to Food4Less, CVS, Panda Express, Wingstop, and more), and two blocks east of Pio Pico Middle School.This is a very dense rental area where over 84 percent of housing units within one mile are renter-occupied. Arlington Heights has begun to see an increase in development recently as the Koreatown boom spreads southwest. Two notable major developments projects in this neighborhood include the five-story, 28-unit building with streetfront commercial space and parking currently under construction at 3617 Venice Boulevard, less than a mile from the subject property, and The Arlington, a recently approved project that will see the rise of a four-story building with 84 apartments and 2,400 square feet of commercial space at 3300 Washington Boulevard, also less than a mile from the property.
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