Our team is pleased to present 5911 S Wilton Place a high yield investment opportunity centrally located in South Los Angeles. The Spanish-Style building consists of (5) 1-bed/1-bath units all single story. Operating over a 6.4% CAP and at 10.42 GRM, this low maintenance asset generates over $100, 000 in gross rental income with approximately 20% in upside rent potential. Located on a quiet residential street close to multibillion dollar developments in Inglewood and Downtown Los Angeles, this cash-cow is perfect for a first-time investor or seasoned operator looking to build long term wealth and hedge inflation in a gentrifying area.
Property Features
Bedrooms
Bathrooms
Land Info
- Lot Description: Landscaped, Lawn
- Lot Size Acres: 0.114876
- Lot Size Source: Assessor
- Lot Size Square Feet: 5004
Multi-Unit Info
- Number of Units: 5
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
Homeowners Association
- Gardener Expense: 1200.00
- Maintenance Expense: 3000.00
Rental Info
- Vacancy Allowance: 5159
- Rent Control: Yes
Amenities and Community Features
- Community Features: Gutters, Sidewalks
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 6.42
- Other Expense: 2400.00
- Source Property Type: Residential Income
- Insurance Expense: 3575.00
- Area: PHHT - Park Hills Heights
- Source Neighborhood: PHHT - Park Hills Heights
- New Taxes Expense: 13969.00
- Number of Separate Electric Meters: 5
- Number of Separate Gas Meters: 5
- Number of Separate Water Meters: 1
- Parcel Number: 6001007019
- Postal Code Plus 4: 1035
- Professional Management Expense: 5159.00
- Zoning: LAR1
- Source System Name: C2C
Commercial Info
- Net Operating Income: 68726.00
Building and Construction
- Total Square Feet Living: 2860
- Year Built: 1929
- Building Features: 1
- Common Walls: 2+ Common Walls
- Entry Level: 1
- Entry Location: Front
- Property Age: 96
- Property Attached: Yes
- Building Total Stories: 1
- Structure Type: Commercial/Residential
- Year Built Source: Assessor
Utilities
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
- Water Source: Public