Property Detail

Description

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 vacancies.*