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1459 S Wooster St - Value Add & Development Opportunity 5 Unit Apartment Building Offered at $2,373,064 CAD at a 4.60% Cap Rate Los Angeles, CA 90035
EXECUTIVE SUMMARY
100k Price Improvement
Located in the heart of Los Angeles’ highly desirable Pico-Robertson neighborhood, 1459 S. Wooster Street offers investors an exceptional opportunity to acquire a well-positioned multifamily property in a strong LA submarket. The area’s stable occupancy and consistent rent growth allow a new owner to create meaningful upside through targeted renovations and operational improvements. Longer term, the ±6,500 SF [Q] R3-1-O zoned parcel presents a compelling redevelopment opportunity, benefiting from its inclusion in the City’s Housing Element program, which allows for by-right multifamily construction and density bonus incentives. This combination of premier location, strong rental fundamentals, and future development flexibility makes 1459 S. Wooster a standout offering in one of Los Angeles’ most resilient and supply-constrained submarkets.
Property can be delivered with two units vacant
Located in the heart of Los Angeles’ highly desirable Pico-Robertson neighborhood, 1459 S. Wooster Street offers investors an exceptional opportunity to acquire a well-positioned multifamily property in a strong LA submarket. The area’s stable occupancy and consistent rent growth allow a new owner to create meaningful upside through targeted renovations and operational improvements. Longer term, the ±6,500 SF [Q] R3-1-O zoned parcel presents a compelling redevelopment opportunity, benefiting from its inclusion in the City’s Housing Element program, which allows for by-right multifamily construction and density bonus incentives. This combination of premier location, strong rental fundamentals, and future development flexibility makes 1459 S. Wooster a standout offering in one of Los Angeles’ most resilient and supply-constrained submarkets.
Property can be delivered with two units vacant
PROPERTY FACTS
| Price | $2,373,064 CAD | No. Units | 5 |
| Price Per Unit | $474,613 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 3,260 SF |
| Cap Rate | 4.60% | No. Stories | 2 |
| Gross Rent Multiplier | 14.14 | Year Built | 1930 |
| Price | $2,373,064 CAD |
| Price Per Unit | $474,613 CAD |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 14.14 |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 3,260 SF |
| No. Stories | 2 |
| Year Built | 1930 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $4,188 CAD | - |
| 1+1 | 4 | $2,448 CAD | - |
1 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 4303-001-029 | Improvements Assessment | $99,884 CAD |
| Land Assessment | $87,912 CAD | Total Assessment | $187,796 CAD |
PROPERTY TAXES
Parcel Number
4303-001-029
Land Assessment
$87,912 CAD
Improvements Assessment
$99,884 CAD
Total Assessment
$187,796 CAD
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1459 S Wooster St - Value Add & Development Opportunity
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