1023 S Wilton Place
Los Angeles, CA, 90019
$1,390,000
MLS: 26680119
Beds
7
Baths
7
Sq Ft
2,660
Lot
0.18 ac
Year Built
1917
MLS #
26680119
Days on Market
8
Listed
Apr 7, 2026
Description
Centrally located property offering immediate rental income with the option for vacancy at closing. A prime opportunity for investors or owner users in the heart of Koreatown. This spacious 7 bedroom, 7 bathroom home on a 7,955 sqft lot offers excellent flexibility for both owner users and investors. Ideally located near major markets, trendy restaurants, and shopping destinations, the property sits in one of Los Angeles' most convenient and vibrant neighborhoods. The current owner operates the property as a boarding house, renting out private bedrooms and generating approximately $6000 per month, with the potential to earn over $8700 monthly when fully leased. Each bedroom includes its own bathroom, providing comfort and privacy for every occupant. The second floor has a separate entrance, a full kitchen, and four large bedrooms with en suite bathrooms, making it perfect for co-living or a separate rental setup. The detached garage has been converted into a studio with a private bathroom, creating an additional income opportunity. The home also offers ample parking, including a gated carport and driveway, along with a dedicated laundry area for tenants. Solar panels provide added efficiency and long term savings. Property will be delivered in its current condition and can be delivered vacant upon request.
Location
Los Angeles, Los Angeles County, CA 90019
Open on Google Maps ↗Listed by: H. Jason Yang · GAIA
Payment estimate
$9,956
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $139,000 · Loan: $1,251,000
- Principal & Interest
- $7,686
- Property tax (1.25%)
- $1,448
- Homeowners insurance
- $300
- Mortgage insurance
- $521
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $48,650 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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