Value Add and Development Opportunity
Multifamily | 4.60% CAP
Marketing description
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.
Investment highlights
• Prime Central Location – Ideally situated in the Pico-Robertson neighborhood, minutes from Beverly Hills, Century City, and Culver City.
• Strong Rental Fundamentals – High demand and limited new supply support stable occupancy and continued rent growth.
• Immediate Income Upside – Opportunity to increase revenue through targeted renovations and professional management.
• Redevelopment Potential – ±6,500 SF [Q]R3-1-O–zoned lot included in the City’s Housing Element program, allowing for by-right multi-family construction
and density bonus incentives.
• Institutional-Grade Submarket – Located within one of Los Angeles’s most supply-constrained and consistently performing multi-family corridors.
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