11953 Rochester Avenue, Los Angeles, CA 90025
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Listed Price :
$4,250,000
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Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1958
Property Description
Professionally managed 11-unit trophy asset located in the heart of West LA, and just blocks away to Sawtelle District, Brentwood and Westwood. The building features a brand-new electrical service for the entire building, copper plumbing throughout, a newer roof, a routinely serviced sewer line that's in great condition, and the EQ retrofit work has been completed. With all of the improvements, this will be an easy to manage property to keep in a portfolio for many years as the area continues to appreciate and go up in value. Great combination of in-place rents plus upside as 5 of the 11 units have been remodeled and are getting market rents, and 2 of the remodeled units are brand new construction (ADU conversions). The 6 non-remodeled units account for approximately 140% future rental upside for the next owner to achieve. Enjoy low utility expenses as the property is separately metered for gas & electricity, and tenants are on RUBS for utility reimbursements for water, sewer and trash. The property has a high walk score of an 89 as tenants can enjoy walking to all of the great bars, restaurants and stores on Wilshire/Brentwood and Sawtelle District, along with a quick walk to the Metro Line. With some of the largest Silicon Beach HQ's & Employer's being walking distance, along with an average household income of $121,179 -- this property will always attract well-qualified tenants in an always high-in-demand rental location. 7 on-site private/assigned parking spaces, and an on-site communal laundry room for tenants to enjoy and bring in additional income. 3 units have their own in-unit washer & dryer. The lot is zoned LAR3 for future lot value & usage. Quick and easy access to the 405 Fwy entrance/exit, and a quick drive to UCLA. Diverse unit mix of (3) 2 Bed/1 Bath, (1) 2 Bed/1.5 Bath, (4) 1 Bed/1 Bath, (1) Studio and (2) Bachelors.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Interior Information |
Features |
Ceiling Fan(s) |
Listing Information
Address |
11953 Rochester Avenue |
City |
Los Angeles |
State |
CA |
Zip |
90025 |
County |
Los Angeles |
Listing Agent |
Jonathan Rawson DRE #02010400 |
Courtesy Of |
Avenue Realty Group |
List Price |
$4,250,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
6,994 |
Year Built |
1958 |
Listing information courtesy of: Jonathan Rawson, Avenue Realty Group. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 27th, 2024 at 5:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.