ADJACENT FOURPLEX & DUPLEX FOR SALE SOLD TOGETHER OR SEPARATELY LOS ANGELES, CA FOURPLEX DUPLEX 1500 S. WOOSTER ST. 1508-1510 S. WOOSTER ST. $2,900,000 $2,300,000 EXCELLENT WEST LOS ANGELES LOCATION NEAR ROBERTSON BLVD. AND PICO BLVD. GREAT OWNER/USER INVESTMENT OPPORTUNITY AND/OR REDEVELOP INTO ±31 RESIDENTIAL UNITS IN THE FUTURE CALL TO SET AN APPOINTMENT TO TOUR: (310) 550-2575 www.1500Wooster.com LAURIE LUSTIG-BOWER KADIE PRESLEY WILSON Executive Vice President First Vice President Lic. 00979360 Lic. 01476551 +1 310 550 2556 +1 310 550 2575 [email protected] [email protected] MALIBU PACIFIC OCEAN CENTURY CITY SANTA MONICA FOX STUDIOS YEN SUSHI BEVERLY HILLS MR. C BEVERLY HILLS CALIFORNIA FISH GRILL HILLCREST COUNTRY CLUB MURRAY'S MALANEE THAI CUISINE PICO GLATT MART RALPH'S CVS NAGILA FACTOR'S FAMOUS DELI SHANGHI RESTAURANT CHICK N CHOW SUSHIKO PAT'S THE MILKY WAY A1 ASIAN FUSION SHILOH'S KOSHER PIZZA STATION WEST SIDE 58 SCHNITZLY HOLY GRILL S ROBERTSON BLVD WELLS FARGO A FOOD AFFAIR TRATTORIA BELLA ROMA S ROBERTSON BLVD WALGREENS S WOOSTER ST ELAT MARKET MINORI 1500-1510 W PICO BLVD S. WOOSTER GLATT MART FOUNDERS ALE HOUSE CASHIO ST LOS ANGELES, CA LEIDER'S LE PALIS PASTRY HAIFA © 2021 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. 2 1500-1510 S. WOOSTER 3 1500-1510 S. WOOSTER DOWNTOWN LOS ANGELES KOREATOWN LA CIENEGA BLVD W PICO BLVD 1500-1510 CASHIO ST S. WOOSTER LOS ANGELES, CA S SHENANDOAH ST S WOOSTER ST CASHIO ST 4 1500-1510 S. WOOSTER HOLLYWOOD WEST HOLLYWOOD MID-WILSHIRE BEVERLY HILLS LA CIENEGA BLVD FU’S PALACE S ROBERTSON BLVD CASHIO ST W PICO BLVD ELAT MARKET 1500-1510 S. WOOSTER LOS ANGELES, CA S WOOSTER ST 5 1500-1510 S. WOOSTER 1500-1510 S. WOOSTER LOS ANGELES, CA 6 1500-1510 S. WOOSTER TABLE OF CONTENTS I. Property Information & Proforma Page 8-18 II. Comparables 1500-1510 S. WOOSTER Page 19-24 LOS ANGELES, CA III. Area Overview Page 25-36 SOLD TOGETHER OR SEPARATELY FOURPLEX (1500 S. WOOSTER): $2,900,000 DUPLEX (1508-10 S. WOOSTER): $2,300,000 Call to Set an Appointment to Tour: (310 )550-2575 LAURIE LUSTIG-BOWER Executive Vice President Lic. 00979360 +1 310 550 2556 [email protected] KADIE PRESLEY WILSON First Vice President Lic. 01476551 +1 310 550 2575 [email protected] www.1500Wooster.com 7 1500-1510 S. WOOSTER © 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:7795676 I. PROPERTY INFORMATION & PROFORMA 8 1500-1510 S. WOOSTER 1500 S. WOOSTER ST. PROPERTY DETAILS Property Address 1500 S. Wooster Street Los Angeles, CA 90035 Asking Price $2,900,000 Number of Units 4 Price Per SF $554 Total Building SF ± 5,232 Floor Plan Mix Year Built 1929 UNIT UNIT TYPE EST. SF 1 2 + 1 1,308 APN 4303-002-024 2 2 + 1 1,308 4 - Private One-Car Garage Parking 3 2 + 1 1,308 (One for Each Unit) 4 2 + 1 1,308 Gas & Electricity - Tenant Pays Sewer - Tenant Pays Utilities Water - Landlord Pays Trash - Landlord Pays Lot Size ± 8,228 SF 9 1500-1510 S. WOOSTER PROPERTY PHOTOS 1500 S. WOOSTER ST. UNIT 101 10 1500-1510 S. WOOSTER PROPERTY PHOTOS 1500 S. WOOSTER ST. PROPERTY FEATURES: • Each Unit has a Washer • Laundry Room with Side and Dryer Hookup Access • Individual Hot Water • Gas Stove Heater • Separate Bath and • Hardwood Floors Shower in Bathroom • Disposal • Faux Fireplace in Living • Nice Tiled Kitchen Floors Room • Tiled Bathroom • Backyard Area 11 1500-1510 S. WOOSTER 1508-1510 S. WOOSTER ST. PROPERTY DETAILS Property Address 1508-1510 S. Wooster Street Los Angeles, CA 90035 Asking Price $2,300,000 Number of Units 2 Price Per SF $546 Total Building SF ± 4,214 Floor Plan Mix Year Built 1931 UNIT UNIT TYPE EST. SF APN 4303-002-025 1 3 + 2 2,107 Parking Double 2 Car Garage 2 3 + 2 2,107 Gas & Electricity - Tenant Pays Trash - Tenant Pays Utilities Water - Landlord Pays Sewer - Landlord Pays Lot Size ± 6, 505 12 1500-1510 S. WOOSTER PROPERTY PHOTOS 1508-1510 S. WOOSTER ST. PROPERTY FEATURES: • Spanish Duplex • Double 2 Car Garage + • Porches and Outdoor Yard Quaint Moldings • New Furnaces Installed in • Granite Counters 2012 for Each Unit • Each Unit Features a • Adjacent Breakfast Room Separate Large • Laundry Room with Rear Living Room Access (with faux fireplace) & • Master Suite Dining Room 13 1500-1510 S. WOOSTER RENT ROLL As of May 2021 1500 S. Wooster Street Unit Est. SF Floor Plan Forecasted Rent Forecast Rent/SF Notes 1500-1 1,308 2+1 $3,000 $2.29 Vacant 1500-2 1,308 2+1 $3,000 $2.29 Delivered Vacant 1500-3 1,308 2+1 $3,000 $2.29 Delivered Vacant 1500-4 1,308 2+1 $3,000 $2.29 Delivered Vacant Total 5,232 $12,000 RENT ROLL 1508-1510 S. Wooster Street Unit Est. SF Floor Plan Current Rent Current Rent/SF Forecasted Rent Forecast Rent/SF Move-In Lease End 1508 2,107 3+2 $3,284 $1.56 $4,000 $1.90 2/1/2009 MTM 1510 2,107 3+2 $3,294 $1.56 $4,000 $1.90 2/15/2011 MTM Total 4,214 $6,578 $8,000 © 2021 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. 14 1500-1510 S. WOOSTER 1500-1510 S. WOOSTER, LOS ANGELES, CA 90035 COMBINED PROFORMA CURRENT OPERATIONS INVESTMENT PRO FORMA ESTIMATED INCOME Annual % of EGI Per Unit Comments Rent Income $18,577 per mon. $222,927 103.1% $37,154 April Rent Roll Total Scheduled Gross Income $222,927 103.1% $37,154 Vacancy 3.0% of SGI ($6,688) -3.1% ($1,115) Industry Standard Total Net Rental Income $216,239 100.0% $36,040 TOTAL ESTIMATED INCOME $216,239 100.0% $36,040 ESTIMATED EXPENSES Annual % of Exp. % of EGI Per Unit Property Taxes 1.200129% of est. price $62,407 68.7% 28.9% $10,401 Based on Price Direct Assessments $1,209 per year $1,209 1.3% 0.6% $202 Per LA County Assessor Business Taxes $488 per year $488 0.5% 0.2% $81 Per LA City Insurance $0.71 per GSF $6,707 7.4% 3.1% $1,118 Historical does NOT incl. earthquake Electricity $108 per mon. $1,291 1.4% 0.6% $215 2020, grown 3% Water & Sewer $660 per mon. $7,920 8.7% 3.7% $1,320 Estimated Per Owner Gas $27 per mon. $326 0.4% 0.2% $54 Average 2018 & 2019 Repairs, Maintenance and Turnover $700 per unit $4,200 4.6% 1.9% $700 Estimated Extermination $66 per mon. $792 0.9% 0.4% $132 Current Contract Landscaping $227 per mon. $2,725 3.0% 1.3% $454 Average 2019 & 2020 Trash Removal $59 per mon. $702 0.8% 0.3% $117 2019, grown 3% Administration $50 per mon. $600 0.7% 0.3% $100 Estimated Reserves $250 per unit $1,500 1.7% 0.7% $250 Industry Standard TOTAL ESTIMATED EXPENSES $90,866 100.0% 42.0% $15,144 ESTIMATED NET OPERATING INCOME $125,373 58.0% $20,896 This broker opinion of value was prepared solely for the client for the purpose and function stated in the report and is not intended for Price $5,200,000 subsequent use. It was not prepared by a licensed or certified appraiser and may not comply with the appraisal standards of the Uniform Capitalization Rate 2.41% Standards of Professional Appraisal Practice.