ADJACENT FOURPLEX & DUPLEX FOR SALE SOLD TOGETHER OR SEPARATELY LOS ANGELES, CA
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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:
www.1500Wooster.com
(310) 550-2575
LAURIE LUSTIG-BOWER KADIE PRESLEY WILSON
Executive Vice President First Vice President
Lic. 00979360 Lic. 01476551
+1 310 550 2556 +1 310 550 2575
laurie.lustig-bower@cbre.com kadie.presleywilson@cbre.com
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 ROB
ERTS
ON B
LVD WELLS FARGO
A FOOD AFFAIR TRATTORIA BELLA ROMA
S ROBERTSON BLVD
S WOOSTER ST
WALGREENS
ELAT MARKET
1500-1510 MINORI
T
S. WOOSTER
OS
W PIC
GLATT MART
I
FOUNDERS ALE HOUSE
SH
CA
O BLV
LOS ANGELES, CA
D
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
BLVD
ICO
WP
ST
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SH
1500-1510 CA
S. WOOSTER
LOS ANGELES, CA
S SHENAND
OAH ST
ST
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S H S WOO
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4 1500-1510 S. WOOSTER
HOLLYWOOD
WEST HOLLYWOOD
MID-WILSHIRE
BEVERLY HILLS LA
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NEG
AB
LVD
FU’S PALACE
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SR
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W PIC
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ELAT MARKET
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1500-1510
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S. WOOSTER
LOS ANGELES, CA
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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 Page 19-24
S. WOOSTER
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
laurie.lustig-bower@cbre.com
KADIE PRESLEY WILSON
First Vice President
Lic. 01476551
+1 310 550 2575
kadie.presleywilson@cbre.com
www.1500Wooster.com
7 1500-1510 S. WOOSTER
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 3 2+1 1,308
Parking
(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. WOOSTERPROPERTY PHOTOS 1500 S. WOOSTER ST. 11 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
12 1500-1510 S. WOOSTER1508-1510 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
13 1500-1510 S. WOOSTERPROPERTY 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
• Adjacent Breakfast Room • Each Unit Features a
Separate Large
• Laundry Room with Rear Living Room
Access (with faux fireplace) &
• Master Suite Dining Room
14 1500-1510 S. WOOSTERRENT 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.
15 1500-1510 S. WOOSTER1 5 0 0 -1 5 1 0 S. WO O ST E R , L O S A NG E L E S, C A 9 0 0 3 5
COMBINED PROFORMA C UR R E NT O P E R A T I O NS
IN V E ST M E N T P R O F O R M A
E ST IM AT E D IN C O M E An n ua l % o f E GI P er Un it C o mmen ts
Rent Income $18,577 per mon. $222,927 103.1% $37,154 April Rent Roll
T o ta l Sch ed ul ed Gr o s s In co me $222, 927 103. 1% $37, 154
Vacancy 3.0% of SGI ($6,688) -3.1% ($1,115) Industry Standard
T o ta l N et R en ta l In co me $216, 239 100. 0% $36, 040
T O T AL E ST IM AT E D IN C O M E $216, 239 100. 0% $36, 040
E ST IM AT E D E XP E N SE S An n ua l % o f E xp. % o f E GI P er Un it
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
T O T AL E ST IM AT E D E XP E N SE S $90, 866 100. 0% 42. 0% $15, 144
E ST IM AT E D N E T O P E R AT IN G IN C O M E $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
P rice $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
Standards of Professional Appraisal Practice.
Capitalization Rate 2.41%
Gross Rent Multiplier 23.3 Un it T y p e Un its M ix Avg SF Avg R en t R en t/SF
Est. Sales Price Per Unit $866,667 2 Bed/1 Bath 4 66.7% 1,308 $3,000 $2.29
Price Per Sq. Ft. $550 3 Bed/2 Bath 1 16.7% 2,107 $3,284 $1.56
Number of Units 6 3 Bed/2 Bath 1 16.7% 2,107 $3,294 $1.56
Est. Expenses Per Unit $15,144
Est. Expenses Minus Taxes Per Unit $4,542
Est. Expenses Per Sq. Ft. $9.62
Bldg. Sq. Ft. 9,446 T o ta l 6 100. 0% 1, 574 $3, 096 $1. 97
Year Built 1929 / 1931
APN 4303-002-024, 025 © 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
Zip Code 90035 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.
NOTE: Seller has been operating the two buildings as one property and has combined the expenses.
For further detail, please review the income and expense statements in the data room.
16 1500-1510 S. WOOSTEREXECUTIVE SUMMARY
The Offering Investment Highlights
CBRE, Inc., as exclusive agent, is pleased to present for sale a great owner/user investment opportunity of a • Excellent Investment or Owner/User Opportunity
side-by-side fourplex and duplex. The properties may be sold separately or together for a total of six residential • In proximity to key employment centers:
units. The underlying land is zoned [Q] R3-1-O and is located in a Tier 2 Transit Oriented Community. If a buyer
– Beverly Hills
wanted to redevelop the combined properties in the future, they could build up to ±31 residential units. Located
one block east of Robertson Boulevard and one block south of Pico Boulevard, the Properties provide an excellent – Culver City – Mid-Wilshire
investment opportunity in a desirable West Los Angeles sub-market. – Century City – West Hollywood
• “Walker’s Paradise” WalkScore® 96 out of 100
Rated a 96 out of 100 on WalkScore®, the West Los Angeles property is walking distance to an abundance of
shops and restaurants in the Pico-Robertson submarket. Current improvements include six apartment units • Abundance of local restaurant and retail amenities including:
in two structures. The fourplex is comprised of four 2 bedroom + 1 bath units with four single garages and a – Elat Market – Joann Fabrics
backyard area. One unit is currently vacant, however, the seller will deliver the fourplex completely vacant by the – Walgreens – Natalee Thai Restaurant
close of escrow. The duplex is comprised of two 3 bedroom + 2 bath units with two double car garages and a – Schwartz’s Bakery – Versailles Cuban Restaurant
nicely manicured lawn. The duplex tenants pay a combined annual rent of ±$78,927. – Factor’s Famous Deli –
The Properties' central location in Los Angeles is minutes to key employment centers including Beverly Hills, • Potential Future Development Opportunity
Culver City, Century City, West Hollywood, Mid-Wilshire and West Los Angeles.
• TOC Tier 2 – allows for an increased FAR of 4.35:1
Fourplex (1500 S. Wooster): $2,900,000 • Development supported by strong multifamily demand drivers
Duplex (1508-10 S. Wooster): $2,300,000
Sold Together or Separately
• Excellent Sale Comparable
Call to Set an Appointment to Tour: (310 )550-2575 – A ±13,000 sf development site, zoned LA-R3, located at 1442-
1446 Bedford St., Los Angeles, CA 90035 sold for $5,200,000
For more information please visit: www.1500Wooster.com (±$400 per land sf).
17 1500-1510 S. WOOSTERPROPERTY FACTS Parcel Map
1500-1510 S. Wooster St
PROPERTY ADDRESS
Los Angeles, CA 90035
4303-002-024 (1500 Wooster)
APN
4303-002-025 (1508 Wooster)
±14,733 SF
SITE AREA
±0.34 Acres
FLOOR AREA RATIO 4.35:1
119.8 (Wooster St.)
FRONTAGE
130.69 (Cashio St.)
ZONING [Q] R3-1-O
TOC STATUS Tier 2
ENTITLED No
NEIGHBORHOOD COUNCIL South Robertson
CITY COUNCIL DISTRICT CD 5 – Paul Koretz
18 1500-1510 S. WOOSTERPACIFIC OCEAN
KENNETH HAHN STATE MARINA DEL REY
RECREATION AREA LAX VENICE
SILICON BEACH
CULVER CITY
SR
OB
ER
TS
ON
BL
VD
VD 1500-1510
BL
GA S. WOOSTER
ENE
CI LOS ANGELES, CA
LA
SW
OO
ST
CASHIO ST
RSE
T
ELAT MARKET
W PICO BLVD
19 1500-1510 S. WOOSTERII.
Comparables
20 1500-1510 S. WOOSTERRENT SURVEY MAP
1500-1510 S. Wooster St.
1 9323 W. Olympic Blvd.
2 131 N. Gale Dr.
3 1333 S. Orange Grove Ave.
4 450 S. Maple Dr. 2
5 1415 Reeves St.
6 1237 S. Holt Ave.
7 909 Le Doux Rd.
8 1016 S. Alfred St.
9 1115 S. Cardiff Ave. 7
1
8
4
9
1500-1510
S. WOOSTER
LOS ANGELES, CA
5 6
3
21 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:7826750APARTMENT RENT COMPARABLES
ADDRESS UNIT ASKING EST. SF AMENITIES NOTES
TYPE RENT
1 9323 W. Olympic Boulevard 1+1 $3,500 - Remodeled Unit; Hardwood Floors, Marble and Quartz Counters;
Washer & Dryer; Chrome Appliances; Private Front Yard; One
Parking Space
2 131 N. Gale Drive 1+1 $3,200 - Remodeled Condominium; Quartz Countertops; Bertazzoni
Stainless Appliances; Washer & Dryer No Security Deposit
3 1333 S. Orange Grove Avenue 2+2 $5,995 1,489 SF New Construction; Hardwood Floors; Washer & Dryer; Balcony; Six Weeks Free on 13-Month Lease. No
Nest Thermostat; Outdoor Pool; Jacuzzi; Three Rooftop Decks Security Deposit
4 450 S. Maple Drive 2 + 2.5 $4,995 - Condominium Unit; Hardwood Floors; Stainless Steel Appliances;
Washer & Dryer; Two Side-by-Side Parking Spaces in Garage; No Security Deposit
Outdoor Pool; Sauna; Recreation Room
5 1415 Reeves Street 2+2 $4,795 1,293 SF New Construction; Hardwood Floors; Viking Stainless Steel One Month Free on 13-Month Lease. No
3+2 $7,195 2,016 SF Appliances; Washer & Dryer; Outdoor Pool; Fire Pit; Fitness Center Security Deposit
6 1237 S. Holt Avenue 2 + 2 PH $4,395 1,299 SF New Construction; Stainless Steel Appliances; Hardwood Floors;
3+2 $5,446 1,680 SF Washer & Dryer; Walk-In Closets; Large Balcony; Tandem Parking
(two spaces) in Subterranean Garage
7 909 Le Doux Road 3 + 2.5 $5,300 1,450 SF New Construction
8 1016 S. Alfred Street 3+2 $5,100 - Remodeled Duplex Unit; Central Heat & Air; Hardwood Floors;
No Security Deposit
Washer & Dryer; Backyard Area; Private Two-Car Garage
9 1115 S. Cardiff Avenue 3+3 $4,950 - Top Floor Unit No Security Deposit
Source: RadPad
1 2 3 4 5
22 1500-1510 S. WOOSTER 6 7 8 9LAND SALE COMPARABLES
Criteria: Sites located in LA County, $355/SF +, 10K SF +, mixed-use or multifamily intended uses, sold 02.01.2018 to 01.20.2021
Source: CoStar; Sorted by Price Per Square Foot
ADDRESS CITY ZIP PRICE EST. SF ACRES PRICE/SF PRICE/ACRES ZONING SALE DATE
9200 Wilshire Blvd Beverly Hills 90212-3329 $130,000,000 40,737 0.94 $3,191 $139,008,764 C3, Beverly Hills 05/08/19
9900 Wilshire Blvd Beverly Hills 90210-3116 $445,000,000 332,028 7.62 $1,340 $58,381,221 C3 11/19/18
888 Devon Ave Los Angeles 90024-2578 $16,236,000 14,375 0.33 $1,129 $49,199,315 R5 02/06/19
8844 Burton Way Beverly Hills 90211-1724 $27,400,000 26,779 0.61 $1,023 $44,570,148 BHR4YY 06/21/19
3240 Wilshire Blvd Los Angeles 90010 $30,000,000 34,650 0.80 $866 $37,714,286 LAR5 07/22/20
1001 W Olympic Blvd Los Angeles 90015 $121,100,500 141,966 3.26 $853 $37,157,755 C2-4D, Los Angeles 11/27/19
129 S Linden Dr Beverly Hills 90212-2208 $16,000,000 21,780 0.50 $735 $32,000,000 R4P 10/28/19
3812-3818 Dunn Dr Culver City 90230 $7,000,000 10,041 0.23 $697 $30,367,493 LAR5 07/06/18
7979 W Sunset Blvd Los Angeles 90046 $8,000,000 11,761 0.27 $680 $29,630,133 C4-1D 04/30/18
1040-1050 Olive St Los Angeles 90015 $12,000,000 19,977 0.46 $601 $26,166,091 02/08/18
1411 S Flower St Los Angeles 90015 $8,600,000 15,024 0.34 $572 $24,934,505 LAC2 09/10/20
S Western Ave San Pedro 90732 $8,399,000 14,810 0.34 $567 $24,703,608 LAPVSP 09/04/20
11600 Santa Monica Blvd Los Angeles 90025 $16,000,000 28,358 0.65 $564 $24,577,192 LAC2 06/19/19
505-511 W 31st St Los Angeles 90007 $11,500,000 20,607 0.47 $558 $24,309,215 C2-1L 05/10/19
1526 E 7th St (Part of Multi-Property Sale) Los Angeles 90021-1240 $58,913,702 107,875 2.48 $546 $23,789,394 M3, Los Angeles 01/12/21
939 S Flower St Los Angeles 90015-1419 $20,500,000 38,300 0.88 $535 $23,315,405 (Q) R5-4D-SN 03/25/20
Amherst Ave & S Bundy Dr Los Angeles 90064-1104 $16,250,000 30,668 0.70 $530 $23,081,062 RAS4-1VL 02/14/20
1110-1136 Ingraham St (Part of Multi-Property Sale) Los Angeles 90017 $29,842,617 58,043 1.33 $514 $22,396,230 CW 06/07/19
127-139 E Broadway Long Beach 90802 $20,000,000 40,075 0.92 $499 $21,739,239 LBPD30, LBCB* 12/19/19
5750 Hollywood Blvd Los Angeles 90028-6706 $23,350,000 47,916 1.10 $487 $21,227,273 LAR5 06/07/18
1930 W 6th St Los Angeles 90057-3106 $5,900,000 13,068 0.30 $451 $19,666,667 LAC2-2 08/05/19
1522-1538 Cassil Pl Hollywood 90028 $12,500,000 28,686 0.66 $436 $18,981,385 LAC4 05/13/19
Continued on Next Page
23 1500-1510 S. WOOSTERLAND SALE COMPARABLES continued
Criteria: Sites located in LA County, $355/SF +, 10K SF +, mixed-use or multifamily intended uses, sold 02.01.2018 to 01.20.2021
Source: CoStar; Sorted by Price Per Square Foot
ADDRESS CITY ZIP PRICE EST. SF ACRES PRICE/SF PRICE/ACRES ZONING SALE DATE
4637-4653 Maubert Ave Los Angeles 90027 $9,000,000 22,392 0.51 $402 $17,508,039 LAR4 11/14/18
845 Venice Blvd Venice 90291-4903 $7,325,000 18,300 0.42 $400 $17,435,902 LAR3 11/06/18
1442-1446 Bedford St Los Angeles 90035 $5,200,000 13,001 0.30 $400 $17,422,660 LAR3 12/18/20
4629 Maubert Ave Los Angeles 90027 $4,333,000 10,906 0.25 $397 $17,306,573 LAR4 11/14/18
5050 W Pico Blvd Los Angeles 90019-4128 $7,500,000 19,071 0.44 $393 $17,130,722 C4-1-O 06/04/19
538 Spoleto Dr Pacific Palisades 90272-4516 $6,500,000 16,557 0.38 $393 $17,100,924 LARE11 -
3657 Motor Ave Los Angeles 90034 $5,750,000 14,723 0.34 $391 $17,012,158 LAC2 03/22/19
495 Hartford Ave Los Angeles 90017 $18,000,000 46,147 1.06 $390 $16,990,920 R5(CW)U/6 06/14/19
2231 W Sunset Blvd Los Angeles 90026 $16,400,000 42,479 0.98 $386 $16,817,345 C2 02/18/20
1819 Pico Blvd Santa Monica 90405 $8,300,000 21,506 0.49 $386 $16,811,494 SMC2 03/08/19
130-140 N Fair Oaks Ave Pasadena 91103-3614 $7,689,000 19,994 0.46 $385 $16,751,668 PSC- 06/11/20
1218-1232 Ingraham St Los Angeles 90017 $8,450,000 22,002 0.51 $384 $16,729,479 LACW 04/06/18
2456-2460 Purdue Ave Los Angeles 90064 $5,667,000 15,002 0.34 $378 $16,454,774 LAR3 12/30/19
1503 S Barrington Ave Los Angeles 90025-2812 $5,250,000 14,000 0.32 $375 $16,335,000 R-3-1-Q -
5570 Melrose Ave Los Angeles 90038 $7,000,000 18,722 0.43 $374 $16,286,722 LAR3 & C2 04/12/18
1615 Montana St Los Angeles 90026 $6,200,000 16,588 0.38 $374 $16,281,167 R4-1VL (14,076 SF) 12/09/19
2120 Lincoln Blvd Santa Monica 90405-1319 $5,250,000 14,087 0.32 $373 $16,234,117 General Commercial 02/15/19
1507 Hi Point St Los Angeles 90035-3907 $6,495,000 17,677 0.41 $367 $16,005,103 (Q)R3-1-0; TOC Tier 3 05/18/20
5607 Carlton Way Los Angeles 90028 $6,250,000 17,184 0.39 $364 $15,843,226 R4 06/19/18
© 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.
24 1500-1510 S. WOOSTERAPARTMENTS SOLD COMPARABLES
Criteria: Properties located in Los Angeles County, between 15 and 70 units, Sold for over $630 PSF, Sold from January 1, 2019 to
January 20, 2021
Sorted by price per square foot
ADDRESS CITY ZIP UNITS SALE PRICE EST. SF $ PSF CAP RATE YEAR BUILT SALE DATE SOURCE
1305 Ocean Front Walk Venice 90291 31 $11,550,000 11,600 $996 5.62% 1912 03/22/19 CoStar
60 15th St Hermosa Beach 90254 16 $7,855,000 7,903 $994 - 1959 07/24/19 MLS PW18208847MR
8101 Remmet Ave Canoga Park 91304 16 $11,200,000 12,430 $901 - 1964 01/08/21 CoStar
10448 Santa Monica Blvd (3 Properties) Los Angeles 90025-6916 18 $9,400,500 12,072 $779 - - 06/20/19 CoStar
9500 W Olympic Blvd Beverly Hills 90212 16 $8,500,000 11,270 $754 3.88% 1948 10/30/20 MLS 20-617364
639 N Fairfax Ave Los Angeles 90036-1714 63 $36,000,000 49,338 $730 - 2018 12/18/19 CoStar
8491 Fountain Ave West Hollywood 90069 18 $15,750,000 21,882 $720 3.8% 1931 08/14/20 CoStar
808-818 E Route 66 (3 Properties) Glendora 91740-3602 64 $9,000,000 12,595 $715 5.5% - 04/30/19 CoStar
2929 Colorado Ave Santa Monica 90404-3668 18 $11,000,000 15,533 $708 - 1963 12/27/19 CoStar
423-429 Ocean Ave Santa Monica 90402-1655 16 $12,610,000 17,900 $704 - 1936 03/06/20 CoStar
265 N Oakland Ave Pasadena 91101 19 $9,950,000 14,192 $701 - 1962 12/03/19 MLS AR19215797MR
6615 Pacific Ave Playa Del Rey 90293 15 $10,950,000 15,683 $698 - 1968 10/08/20 MLS 20-643542
962 N Normandie Ave Hollywood 90029 16 $11,725,000 16,816 $697 - 2020 12/04/20 MLS PW20081927MR
1025 Ocean Ave Santa Monica 90403-3540 20 $25,000,000 35,857 $697 3.21% 1961 10/04/19 CoStar
2619 Brighton Ave Los Angeles 90018 18 $6,750,000 9,906 $681 2.92% 1957 07/29/19 MLS 19-445476
421 Riverdale Dr Glendale 91204 16 $5,100,000 7,570 $674 - 1926 01/18/19 MLS SR18212380CN
9500 W Olympic Blvd Beverly Hills 90212 16 $7,475,000 11,270 $663 - 1948 03/11/19 MLS 19-421526
1224-1228 10th St Santa Monica 90401-1917 15 $5,750,000 8,700 $661 4.30% 1958 09/21/20 CoStar
130 S Sepulveda Blvd Los Angeles 90049-3116 59 $40,250,000 61,295 $657 3.30% 2011 12/20/19 CoStar
1425 N Crescent Heights West Hollywood 90046 24 $20,550,000 31,512 $652 3.50% 1959 11/04/19 CoStar
147 S Doheny Dr Los Angeles 90048 20 $16,500,000 25,904 $637 3.35% 2007 07/10/20 MLS 20-589696
401-403 W Glenoaks Blvd Glendale 91202-2929 40 $10,550,000 16,620 $635 4.88% 1956 10/15/19 CoStar
421-425 Riverdale Dr Glendale 91204-4838 16 $4,785,000 7,570 $632 6.00% 1926 06/10/19 CoStar
2647 6th St Santa Monica 90405 24 $8,000,000 12,688 $631 5.00% 1968 07/31/20 CoStar
© 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.
25 1500-1510 S. WOOSTERIII.
AREA OVERVIEW
26 1500-1510 S. WOOSTER1500-1510
S. WOOSTER
LOS ANGELES, CA
PICO-ROBERTSON
Pico Boulevard offers a growing assortment
of restaurants and retail attractions, including
the "Kosher Corridor" that spans from Beverly
Drive to La Cienega Boulevard, which serve the
Beverlywood and Pico-Robertson community.
Adjacent to Century City to the West and Little
Ethiopia/Mid-Wilshire to the east, this area acts
as the gateway into Beverly Hills.
Beverly Hills is home to world-renowned
shopping and hotel destinations such as
Beverly Wilshire Hotel, Neiman Marcus, Saks
Fith Avenue, and Barney's New York. The Golden
Triangle of Beverly Hills, with its collection of
luxury designers, five-star restaurants and
legendary Rodeo Drive, is a mere six minute
drive from the Subject Site.
27 1500-1510 S. WOOSTERPICO AMENITIES MAP
1500-1510
S. WOOSTER
LOS ANGELES, CA
21 37 53 Burger Bar 69 USPS 84 Vons
8 Shanghai
1500-1510 S. Wooster Diamond Holy Grill Fu's Palace
1 The Balcony on Beverwil Garden 22 Shiloh's Steakhouse 38 Elat Market 54 Taj Mahal of India 70 Pobres Tacos 85 Paper or Plastik Cafe
9 Chick 'N Chow 23 Wells Fargo 39 Glatt Market 55 Nick's Coffee Shop 71 Hollywood Pies 86 Charlie's Fish & Chip
Yen Sushi & Sake Bar
10 Pat's 24 Tuk Tuk Thai 40 Lieder's Pico 56 Hasiba 72 The Camp Transformation 87 Powerplant Superfood
Fish Grill - Pico 11 Schnitzly 25 Munchies 41 Haifa 57 Daravey's Nail Salon Center Cafe
Murray's Cheese 22 Kolah Farangi 26 Carvery Kitchen 42 Shalom Pizza 58 One80 Pizzeria 73 Align Ballet Method 88 My 2 Cents LA
OneWest Bank 13 Beverlywood Bakery 27 Pico Kosher Deli 43 Trattoria Natalie 59 Bank of America 74 The Mint 89 Bloom Café
Ralph's 14 The Milky Way 28 Si Laa 44 Kabob by Faraj 60 JOANN Fabric and Crafts 75 Green Table Café 90 Stevie's Creole Café
CVS 15 Meshuga 4 Sushi 29 Minori 45 Classic Le Palais Pastry 61 Versailles 76 India Sweet House 91 C J's Cafe
2 Mr. C Beverly Hills 30 Supa Coffee 46 French Florist 62 Wok On Fire 77 Awash 92 Chocolate Cafe ll
16 Jeff’s Gourmet Sausage
3 Melanee Thai Factory 31 Milky's Frozen Yogurt 47 Mamilla 63 Yoshinoya 78 CVS 93 Alfredo's Pizza
4 Factor's Famous Deli 17 Bibi’s Bakery & Cafe 32 Bronzed Aussie 48 Schwartz Bakery 64 Subway 79 7-Eleven
5 Sushiko 18 Livonia Glatt Market 33 MagIQ Escape Room 49 The Cask 65 T-Mobile 80 Penguin's Fish & Chips
6 Pico Glatt Mart 19 Harissa (Got Kosher?) 34 Le Petit Jardin 50 Jack in the Box 66 Chase 81 Golden Indian Grill & Pizza
7 Nagila Pizza 20 Kosher Pizza Station 35 Walgreens 51 Twin Dragon 67 David's Bridal 82 McDonald's
36 Founders Ale House 52 Delice Bakery 68 AutoZone 83 New India Sweet & Spicy
28 1500-1510 S. WOOSTER
21 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
er 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. T
mation is protected by copyright and shall be fully enforced.
ut ID:L04 MapId:7830746DEMOGRAPHIC COMPREHENSIVE
1 MILE 3 MILES 3 MILES
POPULATION
2020 Population - Current Year Estimate 338,113
2025 Population - Five Year Projection 345,760
2020 Businesses 36,283
2020 Employees 271,568 1 MILE
EDUCATION
Percent of 2020 Population, 25 and Over,
who have a Bachelor's, Graduate
or Professional Degree 58.8%
HOUSEHOLD INCOME
Percent of Households with Incomes
27.7%
Over $150,000
2020 Average Household Income $128,276
2025 Average Household Income $146,865
HOUSEHOLD VALUE
Percent of Homes Valued at $1,500,000 or More 34.4%
2020 Median Value of Owner Occ. Housing Units $1,268,561
2020 Average Value of Owner Occ. Housing Units $1,339,372 DRIVE TIMES
YEAR BUILT 5 MIN Beverly Hills
2014-2018 Housing Units 20,934 5 MIN Century City
Built Later than 2010 1.0% 5 MIN Culver City
2014-2018 Median Year Built 1954 NAME LATITUDE LONGITUDE 10 MIN Santa Monica
1500 S WOOSTER ST 34.0517740110177 -118.382720024503 10 MIN Westwood
©2021 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any14 MINopinions,Hollywood
projections, assumptions or estimates used are for
example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the prop
for your needs. Source: Esri ProjectID:697188
15 MIN DTLA
©2021 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any
19 MIN LAX
projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. 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. Source: Esri
29 1500-1510 S. WOOSTERMetro Rail & Busway metro.net
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Firestone
Three separate Metro EXPO Line stations are located
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A Line (Blue)
Downtown LA to Long Beach
Century City/Constellation, Wilshire/Rodeo, and Mariposa Rosecrans Compton B Line (Red)
North Hollywood to Union Station
Harbor Artesia
Wilshire/La Cienega Stations. Metro Rail is the rapid El Segundo
Douglas
Gateway
Transit Ctr
Del Amo
GATEWAY CITIES
C Line (Green)
Redondo Beach to Norwalk
D Line (Purple)
transit rail system consisting of six separate lines Redondo Beach Carson Wardlow
Wilshire/Western to Union Station
E Line (Expo)
Downtown LA to Santa Monica
(the Blue, Red, Purple, Green, Gold and Expo Lines) SOUTH BAY
Willow St
L Line (Gold)
East Los Angeles to Azusa
which cumulatively serve 80 stations throughout
Pacific Pacific Coast Hwy
Coast
Hwy Metro Busway
Anaheim St
Los Angeles County. The Purple Line currently Pacific
Av
5th St
G Line (Orange)
Chatsworth to North Hollywood
J Line (Silver)
terminates at Wilshire/Western Station in the heart San Pedro Downtown
Long
Beach
1st St
LAX FlyAway
San Pedro to El Monte
Street Service in Downtown LA
and San Pedro
of Koreatown. The currently under construction Regional Rail
Purple Line Expansion will eventually extend to West Amtrak
amtrak.com
Los Angeles, offering a dependable alternative for Metrolink
metrolinktrains.com
commuters traveling between Downtown Los Angeles, Airport Shuttle
Beverly Hills, Century City and Westwood/UCLA. It
20-2634MM ©2020 LACMTA
LAX FlyAway
lawa.org/flyaway
LAX Shuttle (free)
is anticipated that the Westwood/VA Hospital Metro lawa.org
Station will be operational by 2027. APR 2020 Subject to Change
30 1500-1510 S. WOOSTERCENTURY CITY
Century City is a prominent business community comprised of major industry sectors: legal, NEW CENTURY PLAZA DEVELOPMENT
financial, entertainment, hospitality, medical, professional and retail services. This “city within a Woodridge Capital Partners began construction on this $2.5 Billion project in 2016. The
city” is home to a cluster of high-rises that command a visible stretch of L.A.’s skyline. development consists of two 44-story towers, located at 2025 Avenue of the Stars, and will
house a combined 268 luxury residences once completed. Architecture firm Pei Cobb Freed &
Nearly 50,000 people flock to Century City for the workday, but only approximately 6,000 Partners designed the twin towers, which are fashioned in the shape of Reuleaux triangles - a
Angelenos call this sleek, commercially-driven neighborhood home. nod to the design of the iconic Century Plaza office towers across the street.
Though its population density thins at the end of the workday, Century City is rife with Right next to the towers, the historic Century Plaza Hotel is undergoing a full refurbishment
neighborhood infrastructure. The upscale 1.3 million-square-foot Westfield Shopping Mall as and will transform into a 400-key Fairmont Hotel. It will include 63 condominiums on the
well as a host of chic restaurants contribute to a thriving retail and nightlife scene within this upper floors, as well as 93,000 square feet of commercial space. Gensler and Marmol Radziner
commercial center. designed the 16-story adaptive reuse structure, building upon Minoru Yamasaki's original design.
As of October 2019, the Los Angeles Times reports that sales prices at for the new condominiums
would range from as low as $2 million to more than $50 million. More than $200 million in pre-
sales had been closed at that point in time.
Completion of the hotel is expected this Spring, while the towers are scheduled to open in
Spring 2021.
Sources: https://www.discoverlosangeles.com/things-to-do/discover-the-new-westfield-century-city
https://www.prnewswire.com/news-releases/the-new-westfield-century-city-to-be-revealed-with-grand-opening-on-october-3rd-300527084.html
31 1500-1510 S. WOOSTERBEVERLY HILLS
Beverly Hills is one of the most celebrated and desired destinations in the world. A name long
associated with sophistication, glamour and elegance, Beverly Hills is a distinguished city
offering the very best in hotels, shopping, dining and service. In the heart of it all sits Rodeo
Drive – undeniably one of the most famous streets on the globe. With more than 100 world-
renowned stores and hotels comprising its three magnificent blocks within the Golden Triangle,
it is easy to become lost in the street’s splendor and charm.
Located in the heart of Los Angeles County, midway between downtown Los Angeles and
the Pacific Ocean, the City is located 1 mile north of 1500-1510 S. Wooster Street. The City was
incorporated in 1914 and consists of approximately 5.7 square miles of Los Angeles County’s
most prominent and expensive real estate. It is carried by the focus of the entertainment
industry, retail sales and important business enterprises, as well as high income families and
celebrities with high-value housing stock throughout the community.
Beverly Hills contains some of the most exclusive, private luxury residences in the world, with
home prices among the highest in greater Los Angeles and the United States.
Beverly Hills’ surrounding communities and major employment centers includes the University
of California Los Angeles, Westwood’s Wilshire Boulevard office and condominium corridor,
Century City's 20th Century Fox Studios, Cedars-Sinai Medical Center, Wilshire Boulevard’s
Miracle Mile, Hollywood and West Hollywood.
MID-WILSHIRE
The Mid-Wilshire neighborhood is anchored along Wilshire Boulevard, between San Vicente Boulevard (the start
of Beverly Hills) and La Brea Avenue (the start of Hancock Park). Also known as the Miracle Mile neighborhood, or
Museum Row, this stretch of Wilshire contains the Los Angeles County Museum of Art, the Page Museum, the La Brea
Tar Pits, the Peterson Automotive Museum, and the soon-to-open Academy Museum of Motion Pictures.
This densely populated area is known for its walkability. Grocery stores, restaurants and a variety of retail shops
complement the art deco office buildings and new apartment construction. The area offers a plethora of leisure and
entertainment venues as well. Besides the vast variety of museums and art galleries, the famous El Rey Theatre hosts
numerous weekly music events. Locals can also walk to the world-famous lifestyle destination shopping center at The
Grove, pick up fresh produce at The Original Farmers Market or stroll through the 28-acre Pan Pacific Park.
Hollywood, the most recognizable film industry headquarters in the world, borders Mid-Wilshire to the north, and
Culver City, home to the film industry, creative and tech giants alike, is accessible to the southwest. Mid-Wilshire’s
central proximity to almost every major employment center in the City of Los Angeles should drive housing demand
for decades to come.
32 1500-1510 S. WOOSTERWESTSIDE PAVILION CONVERTING Westside Pavilion's 1980s exterior have been removed, as the former shopping mall
continues its transformation into a Google-anchored office campus. The $475-million
project will be approximately 584,000 square feet of office space in addition to on-site
TO GOOGLE OFFICE CAMPUS parking and open space. Google has leased the entire 584,000-square-foot office
component of the project and is scheduled for completion of construction in 2022.
While the bulk will be transformed into offices, approximately 96,000 square feet of
space will remain at the southwest corner of Pico and Westwood Boulevards. The
three-story structure includes the mall's movie theater.
33 1500-1510 S. WOOSTERCULVER CITY
Culver City is in high demand. It has become a prime destination to work, dine, shop
and revel in the beauty of this historic movie town and its dynamic art scene. Culver
City has become a focal point for culture and nightlife hosting an array of events while
providing the clean and efficient transportation to reach them.
Culver City boasts an incredibly desirable demographic base - affluent, young, active
and highly educated. With its centrality and a growing amount of retail as well as
its housing and transportation options, many are choosing to live, work, and play in
Culver City.
Downtown Culver City is a charming collection of outdoor cafes, unique shops, art
galleries, creative offices and vibrant nightlife opening onto tree-lined boulevards.
It boasts a City Hall of stunning architecture, Center Theatre Group’s nationally
renowned Kirk Douglas Theatre. Striking landmark buildings are home to an array of
entrepreneurial businesses and creative enterprises, along with a wide selection of
retail and restaurant services for local residents to enjoy. Downtown Culver City offers
the perfect combination of small-town charm with all the benefits of cosmopolitan
big-city living.
CULVER CITY EMPLOYERS
Culver City is currently one of the most talked about office areas in Los Angeles. In
the past few years, the area has experienced impressive tenant demand as well as
outsized rent growth. This has spurred elevated construction levels, and the pipeline
is currently among the fullest of any submarket in L.A. today. Culver City has won
several of the mega lease deals announced in L.A. and has benefited from the content
production arms race underway in the city among the media juggernauts. Amazon,
Apple and HBO have all made sizable commitments to projects under construction.
34 1500-1510 S. WOOSTERCULVER CITY & WEST ADAMS AREA DEVELOPMENT
Just a six-minute drive from the Property and located East of Culver City, West Adams is undergoing a major transformation. Spurred largely by the development of CIM Group, West Adams has
quickly become one of Los Angeles’ fastest growing submarkets and is home to an array of excellent restaurants. Currently, there are over 23 development sites located between S. Redondo
Bvld. and S. Fairfax Ave. which will be developed into creative office, retail, residential and hospitality. West Adams will include over 40,000sf of retail, over 50,000sf of creative office, numerous
mixed-use developments and hundreds of residential units.
Property is a ±5 minute drive to
1500-1510
Culver City and West Adams
S. WOOSTER
LOS ANGELES, CA
AREA DEVELOPMENT MAP
INTERSTATE
10
Westwood/
Rancho
11
14
Arts District
10
12
Blackwelder
99 22 21
BLVD
Palms
55
Creative
Campus
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33
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44
A AVE
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HAW B
Culver 66 7 ADAMS BLVD ADAMS BLVD
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BUCKING
Downtown Crenshaw 20
Culver City
Expo/
Western
12 13
Hackman Capital - Culver Steps Carmel Partners - Cumulus Capri Capital Partners - Crenshaw Plaza Rios Clementi
1
5767 West Adams
Future Amazon HQ
6 100,000SF Retail
13 Redevelopment 8-story, 400 room hotel, 10,000 SF or
20 Hale HQ
75,000SF Office, 45,000SF Retail and Public Plaza 1,200 Apartment Units high end retail and a 10-story 148,000 SF office tower
Nearby Developments
Hackman Capital - Culver Studios Hackman Capital - Apple District Square Development 5109 W. Adams CIM Group
2 Future Amazon HQ
7 85,000SF Office
14 6.5-acre site including 573 21 Proposed 69 Resi Units
1 720,000SF
Hackman Capital - Culver Steps 6 Samitaur Constructs - (W)Rapper
residential units and retail amenities 6,000 SF Retail
• Future Amazon HQ • 170,000sf Office
Lowe Enterprises - Ivy Station
• 75,000sf3Office, 45,000sf Retail 7 CarmelSamitaur
Partners -Constructs - (w) Rapper Watt Companies Development 5135 W. Adams CIM Group
Mixed-Use Project
8 170,000SF 115 Unit Mixed-Use Project
15 492 residential units and 47,500 SF of retail
22
and Public Plaza 8 Hackman Capital -Office
Apple Under Construction
2 200,000SF
Hackman Capital - Culver StudiosOffice, 55,000SF Retail, 200 Apartments, • 85,0000sf Office 10 Resi Units
• Future Amazon148HQRoom Hotel, 2 Acres of Outdoor Space Redcar Properties - Creative
9 CIM - Mixed-Use Development
Olson Homes Development - 100 residential town 5170 W. Adams CIM Group
• 720,000sf OfficeCIM - Mixed-Use Development 10 9 - Warehouse
CIM
Office Development
Purchase - Plans TBD 16 homes and condos and 13,500 SF of open space
23 Proposed 43 Unit Hotel
Lowe Enterprises - IvyLincoln
StationProperty - Apple HQ 11 CIM - Apartment Complex
4
3
128,000 SF Office
• Mixed-Use Project 12 4d Development - 115 Unit Mixed-Use Project
4D Development - 115 Expo Place
• 200,000sf Office, 55,000 sf Retail, 200 Apartments, 148 Room Hotel, 10 Unit Mixed-Use
13 CIM - 78-Key Hotel
Project Office Building
17 30,000 SF creative office conversion
Karney
2 Acres of Outdoor SpaceProperties 14 CIM - 6-Story, 60-Unit Live/Work
5 - Apple HQ
4 Lincoln Property 234 Apartments, 45,000SF Retail, 30,000SF
of Outdoor Space
• 128,000sf Office CIM - 6-story, 60-unit Expo Place
5 Karney Properties - The Wesley 11 live/work office building
18 50,000 SF Sweetgreen HQ
• 234 Apartments, 45,000sf Office, 30,000sf of Outdoor Space
Marlton Square - New shopping Goat HQ
12 center with a residential component
19
35 1500-1510 S. WOOSTERAREA EMPLOYERS
WITHIN 3 MILES OF THE SUBJECT PROPERTY
WITH 1,000 EMPLOYEES OR MORE
BUSINESS NAME EMPLOYEES
Cedars-Sinai Medical Ctr 11,246
Twentieth Century Fox 6,000
Sony Pictures Entertainment 6,000
Kaiser Permanente West Los Angeles 3,600
Tri-Star Pictures 3,400
CBS Television City 3,075
Fox Latin America Channel Inc 2,000
R B Industries Inc 1,263
Beverly Hills City Hall 1,100
Aecom 1,001
Rhythm & Hues Studios 1,001
Southern Ca Hosp-Culver City 1,000
Westlake Financial Svc 1,000
36 1500-1510 S. WOOSTERAffiliated Business Disclosure Disclaimer
CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each This Memorandum contains select information pertaining to the Property and the Owner, and does not
an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited purport to be all-inclusive or contain all or part of the information which prospective investors may require
to, brokerage services, property and facilities management, valuation, investment fund management and to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained
development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any
may have or represent clients who have competing interests in the same transaction. For example, particular purpose. All information is presented “as is” without representation or warranty of any kind. Such
Affiliates or their clients may have or express an interest in the property described in this Memorandum information includes estimates based on forward-looking assumptions relating to the general economy,
(the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum market conditions, competition and other factors which are subject to uncertainty and may not represent
constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any the current or future performance of the Property. All references to acreages, square footages, and other
Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase measurements are approximations. This Memorandum describes certain documents, including leases and
of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their other materials, in summary form. These summaries may not be complete nor accurate descriptions of
respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, the full agreements referenced. Additional information and an opportunity to inspect the Property may be
Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all made available to qualified prospective purchasers. You are advised to independently verify the accuracy
fiduciary duties owed to their respective client(s). and completeness of all summaries and information contained herein, to consult with independent legal
and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability
Confidentiality Agreement for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.
Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential
Memorandum solely for your limited use and benefit in determining whether you desire to express further The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or
interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you.
disclose it or its contents to any third party without the prior written authorization of the owner of the All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall
Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and
detrimental to the Owner or CBRE, Inc. sale agreement delivered by the Owner.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it Copyright Notice
to CBRE, Inc. © 2021 CBRE, Inc. All Rights Reserved.
37 1500-1510 S. WOOSTERADJACENT 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
© 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, LAURIE LUSTIG-BOWER KADIE PRESLEY WILSON
independent investigation of the property and verify all information. Any reliance on this Executive Vice President First Vice President
information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. Lic. 00979360 Lic. 01476551
All other marks displayed on this document are the property of their respective owners, and the +1 310 550 2556 +1 310 550 2575
use of such logos does not imply any affiliation with or endorsement of CBRE.
laurie.lustig-bower@cbre.com kadie.presleywilson@cbre.comYou can also read
