1065 Wooster StLos Angeles, CA 90035

This exceptional Class A, 8-unit apartment building in Los Angeles' desirable Pico-Robertson neighborhood presents a lucrative investment opportunity. Built in 2023, this 13,105-square-foot property boasts a desirable unit mix: one 3-bed/2-bath penthouse, four 3-bed/2-bath units, two 2-bed/2-bath units, and one 1-bed/1-bath unit. Each unit features modern amenities including central heating and cooling, in-unit washer/dryers, and open-concept kitchens. Most units offer dual sinks and dual dishwashers. Large dual-pane windows provide abundant natural light and stunning city views. The building sits on a 6,615-square-foot lot and is conveniently located near popular restaurants and boasts a Walk Score of 96. Currently, seven of the eight units are vacant. The asking price is $8,950,000, representing a 0.78% cap rate and a NOI of $70,136. This nine-story building offers a strong return on investment in a highly sought-after area. The property is offered as a 1031 exchange opportunity. Seventeen parking spaces are included, with one designated for wheelchair accessibility. This is a rare opportunity to acquire a brand-new multifamily property in a prime Los Angeles location.