For Sale
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1267 Wilton PlLos Angeles, CA 90038

Prime Hollywood location, high-growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
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 Details for 1267 Wilton Pl

Property type
Retail properties, Restaurants
Square Feet
8,829 SF
Year Built
1923
Buildings
1
Stories
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0943951
Longitude
-118.3137119
1267 Wilton Pl, Los Angeles, California

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1267 Wilton Pl
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