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Value Add & Development Opportunity 1459 S Wooster St 5 Unit Apartment Building $1,700,000 ($340,000/Unit) 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 | $1,700,000 | Property Subtype | Apartment |
| Price Per Unit | $340,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.60% | Building Size | 3,260 SF |
| Gross Rent Multiplier | 14.14 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1930 |
| Property Type | Multifamily | ||
| Zoning | LAR3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price | $1,700,000 |
| Price Per Unit | $340,000 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 14.14 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,260 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | LAR3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,000 | - |
| 1+1 | 4 | $1,754 | - |
1 1
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 4303-001-029 | Improvements Assessment | $71,554 |
| Land Assessment | $62,978 | Total Assessment | $134,532 |
Property Taxes
Parcel Number
4303-001-029
Land Assessment
$62,978
Improvements Assessment
$71,554
Total Assessment
$134,532
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Value Add & Development Opportunity | 1459 S Wooster St
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