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1526 S Wooster St 5 Unit Apartment Building £2,000,687 (£400,137/Unit) 4.42% Net Initial Yield 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 sq ft |
|---|---|---|
| Gross Rental Income |
£128,950
|
£20.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£3,868
|
£0.63
|
| Effective Gross Income |
£125,081
|
£20.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£36,685
|
£5.94
|
| Net Operating Income |
£88,396
|
£14.32
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £128,950 |
| Annual Per sq ft | £20.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | £3,868 |
| Annual Per sq ft | £0.63 |
| Effective Gross Income | |
|---|---|
| Annual | £125,081 |
| Annual Per sq ft | £20.26 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | £36,685 |
| Annual Per sq ft | £5.94 |
| Net Operating Income | |
|---|---|
| Annual | £88,396 |
| Annual Per sq ft | £14.32 |
PROPERTY FACTS
| Price | £2,000,687 | Apartment Style | Low-Rise |
| Price Per Unit | £400,137 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.15 ac |
| Yield | 4.42% | Property Size | 6,175 sq ft |
| No. Units | 5 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built | 1958 |
| Property Subtype | Apartment | Parking Allocation | 1.62/1,000 sq ft |
| Use Class | LAR3 - Multiple Family Residential | ||
| Price | £2,000,687 |
| Price Per Unit | £400,137 |
| Sale Type | Investment |
| Yield | 4.42% |
| No. Units | 5 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.15 ac |
| Property Size | 6,175 sq ft |
| No. Floors | 2 |
| Year Built | 1958 |
| Parking Allocation | 1.62/1,000 sq ft |
| Use Class | LAR3 - Multiple Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Wooden Floors
- Stainless Steel Appliances
SITE AMENITIES
- Laundry Facilities
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Walk Score®
Excellent pedestrian access (93)
PROPERTY TAXES
| Parcel Number | 4303-002-030 | Improvements Assessment | £219,618 (2025) |
| Land Assessment | £1,773,848 (2025) | Total Assessment | £1,993,465 (2025) |
PROPERTY TAXES
Parcel Number
4303-002-030
Land Assessment
£1,773,848 (2025)
Improvements Assessment
£219,618 (2025)
Total Assessment
£1,993,465 (2025)
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1526 S Wooster St
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