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1524 S Wooster St, Los Angeles, CA 90035
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1524 S Wooster St Los Angeles, CA 90035

$2,110,000 Sold Price as of 10/25/2022
  • 12 Beds
  • 12 Baths
  • 6,376 Sq.Ft.
Sold
$2,110,000 Sold Price as of 10/25/2022 Refinance Your Mortgage
Map preview of 1524 S Wooster St, Los Angeles, CA 90035

Property Overview: 1524 S Wooster St Los Angeles, CA has 12 bedrooms, 12 bathrooms, 6,376 living square feet and 6,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent investment opportunity in the Pico-Robertson neighborhood 2 ½ blocks from the intersection of Pico & Robertson. All units are large 2 bedroom 2 bath units averaging over 1,000 square feet with significant upside in rent as the units turnover. The seller has completed the soft story retrofit work and the parking can accommodate up to 8 cars if parked in tandem. There is a laundry room onsite, and a common area in back for tenants to BBQ. All units are separately metered for gas and electric utilities which are paid by the tenant.

Listed by Stephen Lampe | BRE #01164364 | Re/Max Commercial & Investment
Last checked: 7 minutes ago | Last updated: October 25th, 2022 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
6,504
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SB22211404
City
Los Angeles
County
Los Angeles
Time on Site
730 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,708
  • Total Rent: $1,708
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,736
  • Total Rent: $1,736
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,229
  • Total Rent: $1,229
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $985
  • Total Rent: $985
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,444
  • Total Rent: $1,444
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,708
  • Total Rent: $1,708
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.89%
  • Gross Rent Multiplier: 19.72
  • Gross Scheduled Income: $106,500
  • Net Operating Income: $60,592
  • Gross Operating Income: $104,386
  • Vacancy Allowance: $2,114
  • Laundry Income: $780
Annual Expense Breakdown
  • Total Operating Expense: $43,794
  • Electric: $2,640
  • Gas/Fuel: $1,248
  • Licenses: $694
  • New Taxes: $25,200
  • Trash: $4,824
  • Gardener: $600
  • Insurance: $1,988
  • Maintenance: $4,200
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1524 S Wooster St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Information
  • Awning(s)
  • No Fence
  • None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 4303002029
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just East of Roberston
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1524 S Wooster St

Last sold for $2,110,000 on October 25th, 2022

  • October, 2022

  • Oct 25, 2022

    Date

    Sold

    CRMLS: SB22211404

    $2,110,000

    Price

  • Sep 28, 2022

    Date

    Active

    CRMLS: SB22211404

    $2,100,000

    Price

Tax History for 1524 S Wooster St

Assessed Value (2020): $202,830
Year Land Value Improved Value Assessed Value
2020 $57,589 $145,241 $202,830

Home Value Compared to the Market

This property vs the competition

1524 S Wooster St sold on October 25, 2022 for 87.5% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $329.36 per/sqft which puts the price per square foot 54.51% lower than the current median sale per square foot for the city of Los Angeles.

About 1524 S Wooster St

Detailed summary of property

1524 S Wooster St is a apartment that recently sold in Los Angeles, CA 90035. This apartment offered 12 bedrooms, 12 bathrooms, roughly 6,376 living square feet, and sits on an approximately 6,504 square foot lot. 1524 S Wooster St was first listed on ArdentRealEstateGroup.com on September 28, 2022. The homeowner sold the property for $2,110,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 87.5% higher than the current median priced home. Local homes that are currently for sale include 8656 Cadillac Ave, 1236 Hi Point St and 1229 Smithwood Dr. While the average home in Los Angeles, CA is selling in 106 days, 1524 S Wooster St has a days on market of 10 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1524 S Wooster St Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1524 S Wooster St

Public county record property details
Beds
12
Baths
12
Year built
1957
Sq. Ft.
6,376
Lot Size
6,503
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
135
APN
4303-002-029

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,374,999
Median List Price/Sq.Ft.
$777
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
59
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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