1459 S Wooster St - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$1,700,000 USD
310-387-3489
1459 S Wooster St, Los Angeles, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/12
null | 4.6% Cap Rate

1459 S Wooster St
Los Angeles, CA 90035
Pico-Robertson


OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$521 USD /SF

# OF UNITS

5

PRICE/UNIT

$340,000

CAP RATE

4.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add & Development Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,366 SF

ZONING

LAR3

APN/PARCEL ID

4303-001-029

ASK ABOUT THIS PROPERTY

John AldenDover Management CorporationMore Info
310-387-3489

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John AldenDover Management CorporationMore Info
310-387-3489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.