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Multifamily

1442 S Wooster St

1442 S Wooster St, Los Angeles, CA 90035

Listing Price: $2,550,000

Cap Rate
3.10%
Number of Units
5
Occupancy
95.0%
Price/Unit
$510,000

Investment Overview

Marcus and Millichap is pleased to present 1442 South Wooster Street located in the prime Pico-Robertson area in the magnificent city of Los Angeles. The property poses an ideal value-add opportunity for investors and developers alike. The building has been remodeled, but has the potential for an investor to remodel the Two 3 Bedroom Units to add value to the investment. There are ten parking spaces available for tenants as well as a laundry room. All tenants are paying rent. This is an excellent investment opportunity for those looking to grow their portfolio in a solid neighborhood of Los Angeles.

Investment Highlights

  • Future Development Opportunity – LA-R3 Tier 3 TOC
  • Units Separately Metered for Gas and Electricity
  • Excellent Walk Score of 94 to Nearby Shops and Restaurants
  • One Unit Will Be Delivered Vacant
  • AAA+ Location Prime Pico-Robertson
  • Excellent Unit Mix, Consisting of Large Units: Three 2 Bedroom / 2 Bathroom and Two 3 Bedroom / 2 Bathroom
  • Newly Repiped with Copper Plumbing

Exclusively Listed By

Listing Price: $2,550,000

Cap Rate
3.10%
Number of Units
5
Occupancy
95.0%
Price/Unit
$510,000

Investment Highlights

  • Future Development Opportunity – LA-R3 Tier 3 TOC
  • Units Separately Metered for Gas and Electricity
  • Excellent Walk Score of 94 to Nearby Shops and Restaurants
  • One Unit Will Be Delivered Vacant
  • AAA+ Location Prime Pico-Robertson
  • Excellent Unit Mix, Consisting of Large Units: Three 2 Bedroom / 2 Bathroom and Two 3 Bedroom / 2 Bathroom
  • Newly Repiped with Copper Plumbing

Investment Overview

Marcus and Millichap is pleased to present 1442 South Wooster Street located in the prime Pico-Robertson area in the magnificent city of Los Angeles. The property poses an ideal value-add opportunity for investors and developers alike. The building has been remodeled, but has the potential for an investor to remodel the Two 3 Bedroom Units to add value to the investment. There are ten parking spaces available for tenants as well as a laundry room. All tenants are paying rent. This is an excellent investment opportunity for those looking to grow their portfolio in a solid neighborhood of Los Angeles.

Exclusively Listed By

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