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1526 S Wooster St 5 Unit Apartment Building $2,695,000 ($539,000/Unit) 4.42% Cap Rate Los Angeles, CA 90035
INVESTMENT HIGHLIGHTS
- Prime Beverly Hills Adjacent Location!
- 4.42% CAP Current / 6.22% CAP Proforma
- Over 28% Upside in Rents
- Five (5) Luxury & Spacious Units
- Three Units Have Been Highly Renovated
- Assumable Loan - $1,236,860 @ 3.94% Fix till March 2027
EXECUTIVE SUMMARY
Coldwell Banker Commercial NRT is pleased to present 1526 S. Wooster Street, a 5-Unit, apartment complex located on a quiet street minute away from Beverly Hills on the northern tip of Pico-Robertson neighborhood. Building has excellent unit mix which includes One (1) three bedroom plus den, Two (2) three bedrooms, One (1) two bedroom and One (1) one bedroom units. 3 units are highly renovated with updated kitchen, bath, hardwood floors and new stainless-steel appliances. Value-add potential with several units that are paying below market rents in this well-maintained building. Amazing location with high Walk Score and close to many amenities. Rare opportunity in one of the greatest rental markets in Los Angeles. Don’t miss this great opportunity to own a multi-unit/income property in one of the most sought-after rental areas in Los Angeles!
*** For a full marketing Offering Memorandum, please contact Listing Agent **
*** For a full marketing Offering Memorandum, please contact Listing Agent **
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$173,700
|
$28.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,211
|
$0.84
|
| Effective Gross Income |
$168,489
|
$27.29
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$49,416
|
$8.00
|
| Net Operating Income |
$119,073
|
$19.28
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $173,700 |
| Annual Per SF | $28.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,211 |
| Annual Per SF | $0.84 |
| Effective Gross Income | |
|---|---|
| Annual | $168,489 |
| Annual Per SF | $27.29 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $49,416 |
| Annual Per SF | $8.00 |
| Net Operating Income | |
|---|---|
| Annual | $119,073 |
| Annual Per SF | $19.28 |
PROPERTY FACTS
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $539,000 | 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 | $2,695,000 |
| Price Per Unit | $539,000 |
| 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
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Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 4303-002-030 | Improvements Assessment | $295,833 (2025) |
| Land Assessment | $2,389,439 (2025) | Total Assessment | $2,685,272 (2025) |
PROPERTY TAXES
Parcel Number
4303-002-030
Land Assessment
$2,389,439 (2025)
Improvements Assessment
$295,833 (2025)
Total Assessment
$2,685,272 (2025)
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1526 S Wooster St
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