1526 S Wooster St - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$2,695,000 USD
310-600-8209
1526 S Wooster St, Los Angeles, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/11
null | 4.42% Cap Rate

1526 S Wooster St
Los Angeles, CA 90035
Pico-Robertson


HIGHLIGHTS

  • Located minutes from Beverly Hills in the Pico-Robertson neighborhood.
  • Five-unit building with a strong unit mix and spacious layouts.
  • Walkable location near retail, dining, and public transit options.
  • Three units recently renovated with modern finishes and appliances.
  • Significant upside potential through rent adjustments to market levels - Over 28% upside in rents. 4.42% CAP Current / 6.22% CAP Proforma
  • Assumable $1,236,860 loan at 3.94% fixed interest rate through March 2027.

OVERVIEW

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 **

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

5

PRICE/UNIT

$539,000

CAP RATE

4.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,487 SF

ZONING

LAR3

APN/PARCEL ID

4303-002-030

ASK ABOUT THIS PROPERTY

Iman EshaghyanColdwell Banker RealtyMore Info
310-600-8209

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Iman EshaghyanColdwell Banker RealtyMore Info
310-600-8209

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