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1526 S Wooster St 5 Unit Apartment Building $3,685,951 CAD ($737,190 CAD/Unit) 4.42% Cap Rate Los Angeles, CA 90035
Investment Highlights
- Located minutes from Beverly Hills in the Pico-Robertson neighborhood.
- Walkable location near retail, dining, and public transit options.
- Significant upside potential through rent adjustments to market levels - Over 28% upside in rents. 4.42% CAP Current / 6.22% CAP Proforma
- Five-unit building with a strong unit mix and spacious layouts.
- Three units recently renovated with modern finishes and appliances.
- Assumable $1,236,860 loan at 3.94% fixed interest rate through March 2027.
Executive Summary
Coldwell Banker Commercial NRT is pleased to present a rare opportunity to acquire a five-unit multifamily property in the highly desirable Pico-Robertson neighborhood, just minutes from Beverly Hills. This well-maintained low-rise building offers an attractive unit mix, including one three-bedroom plus den, two three-bedroom units, one two-bedroom unit, and one one-bedroom unit. Three of the five units have been extensively renovated with updated kitchens, modern baths, hardwood flooring, and stainless-steel appliances, providing immediate appeal to prospective tenants.
The property offers significant value-add potential, with several units currently leased below market rates, creating an opportunity for increased income and long-term appreciation. An assumable loan with favorable terms adds to the investment appeal. Residents benefit from a high Walk Score and proximity to major employment centers, retail, dining, and cultural amenities. Positioned in one of Los Angeles’ strongest rental markets, this asset combines stable in-place income with upside potential, making it an excellent choice for investors seeking a well-located property with growth prospects.
*** For a full marketing Offering Memorandum, please contact Listing Agent **
The property offers significant value-add potential, with several units currently leased below market rates, creating an opportunity for increased income and long-term appreciation. An assumable loan with favorable terms adds to the investment appeal. Residents benefit from a high Walk Score and proximity to major employment centers, retail, dining, and cultural amenities. Positioned in one of Los Angeles’ strongest rental markets, this asset combines stable in-place income with upside potential, making it an excellent choice for investors seeking a well-located property with growth prospects.
*** For a full marketing Offering Memorandum, please contact Listing Agent **
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$237,569
|
$38.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,127
|
$1.15
|
| Effective Gross Income |
$230,442
|
$37.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$67,586
|
$10.95
|
| Net Operating Income |
$162,856
|
$26.37
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $237,569 |
| Annual Per SF | $38.47 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,127 |
| Annual Per SF | $1.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $230,442 |
| Annual Per SF | $37.32 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $67,586 |
| Annual Per SF | $10.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $162,856 |
| Annual Per SF | $26.37 |
Property Facts
| Price | $3,685,951 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $737,190 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.42% | Building Size | 6,175 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Zoning | LAR3 - Multiple Family Residential | ||
| Price | $3,685,951 CAD |
| Price Per Unit | $737,190 CAD |
| Sale Type | Investment |
| Cap Rate | 4.42% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,175 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | LAR3 - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4303-002-030 | Improvements Assessment | $407,223 CAD (2025) |
| Land Assessment | $3,289,135 CAD (2025) | Total Assessment | $3,696,358 CAD (2025) |
Property Taxes
Parcel Number
4303-002-030
Land Assessment
$3,289,135 CAD (2025)
Improvements Assessment
$407,223 CAD (2025)
Total Assessment
$3,696,358 CAD (2025)
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1526 S Wooster St
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