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1059 N Wilton Place, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 2 bath

1059 N Wilton Place, Los Angeles, California 90038 home-pic-0
ACTIVE$999,000
1059 N Wilton Place, Los Angeles, California 90038
3Beds
2Baths
1,272Sqft
5,200Lot
Year Built
1921
Close
-
List price
$999K
Original List price
$1.1M
Price/Sqft
$785
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2506364
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(43th), sqft - 1272(36th), beds - 3(50th), baths - 2(36th).

Endless Potential in the Heart of Hollywood – LARD1.5 Zoned Charming 3-bedroom, 2-bath home in the heart of Hollywood’s Studio District with incredible potential for both end-users and investors. Set on a spacious flat lot, this well-maintained home retains much of its original character and is ready for a modern refresh—or a complete reimagining. Zoned LARD1.5, the property offers exciting possibilities for multi-unit development, expansion, or new construction. Investors will appreciate the opportunity to maximize the zoning and lot size, while families may choose to update the home and enjoy its central yet neighborhood feel. Located just minutes from studios, trendy dining, coffee shops, nightlife, and convenient freeway access. It’s a rare chance to own a property with both charm and growth potential in one of Los Angeles’ most desirable and rapidly developing areas.

Price History

Date
Event
Price
11/13/25
Price Change
$999,000-8.3%
10/01/25
Price Change
$1,090,000-0.9%
08/20/25
Listing
$1,100,000
Condition Rating
Poor
Built in 1921, this property retains much of its original character, indicating very old systems and infrastructure. The kitchen features highly dated oak cabinets, tile countertops, and tile flooring, suggesting a renovation 30-50 years ago or older. Bathrooms are similarly outdated with basic vanities, tile flooring, and a very old-style etched glass shower door. Carpets in bedrooms are worn and dated. The listing itself states that the property is 'ready for a modern refresh—or a complete reimagining' and requires 'extensive renovation,' which aligns with the 'substantial repairs and rehabilitation' criteria for a 'Poor' score, despite being 'well-maintained' in terms of basic upkeep.
Pros & Cons

Pros

Prime Location: Situated in the heart of Hollywood’s Studio District, offering excellent proximity to studios, trendy dining, nightlife, and convenient freeway access, appealing to a wide range of buyers.
Development Potential (Zoning): Zoned LARD1.5, providing significant opportunities for multi-unit development, expansion, or new construction, maximizing investor returns.
Spacious Flat Lot: A generous 5200 sqft flat lot supports the development potential and offers ample outdoor space in a dense urban environment.
Investment & Growth Potential: Located in a desirable and rapidly developing area of Los Angeles, promising strong appreciation and growth for both end-users and investors.
Recent Price Reduction: The current list price of $999,000 is significantly reduced from the original $1.1M and below the estimated value, presenting a potential value-add opportunity.

Cons

Extensive Renovation Required: The property is described as 'ready for a modern refresh—or a complete reimagining,' indicating a need for substantial investment in renovations and upgrades.
Age of Property: Built in 1921, the home likely features outdated systems and infrastructure, potentially leading to higher maintenance costs and the need for significant modernization.
Lack of Views: The property explicitly states 'View: None,' which can be a drawback in the Los Angeles market where scenic views often add significant value.

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