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    1267 Wilton Pl Los Angeles, CA 90038

    Sponsored
    For Sale
    Contact for pricing

    Prime Hollywood location, high-growth potential.

    Property size:
    8,829 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 1267 N Wilton Pl, Los Angeles, CA 90038, presents a compelling value-add investment opportunity. The 8,829 square-foot, two-story building, constructed in 1923, sits on a 7,093 square-foot lot and boasts a prominent corner location at the intersection of Wilton Place and Fountain Avenue, with a daily traffic count of 28,072. Currently at 20% occupancy, the ground floor comprises four retail units—three vacant and one leased until 2026. The second floor offers six office suites, each with a private bathroom and kitchenette, easily adaptable for live-work units. A large communal patio and a private deck add to the property's appeal. Additional income is generated from a rear parking area with signage leased by Lamar. The property benefits from its location in a Federally Qualified Opportunity Zone, providing potential tax advantages, and enjoys convenient access to the 101 Freeway and the Hollywood/Western Metro station. Surrounded by significant multifamily and office developments, and major entertainment employers like Netflix, Viacom, and Technicolor, this property offers substantial upside potential. The permitted zoning is C2-2/P2 (TOC Tier 2), and the property is offered for sale as a fee simple ownership. The building's overall footprint is approximately 10,500 square feet, including 920 square feet of communal space.

    Property Features for 1267 Wilton Pl

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,829 SF

    Building Details

    Year Built
    1923
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3137119
    Latitude
    34.0943951

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    FAQs

    What type of property is this?
    Individual retail property - Prime Hollywood location, high-growth potential.
    Where is this individual retail property located?
    The property is located at 1267 Wilton Pl Los Angeles, CA.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1267 Wilton Pl Los Angeles, CA 90038
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