Listing provided courtesy of Jonathan Rawson of Avenue Realty Group. Last updated 2023-12-01 09:11:25.000000. Listing information © 2023 CRMLS.
Asking Price: $4,400,000
11953 Rochester, Los Angeles CA 90025
Community: WLA - West Los Angeles
This property was built in 1958 and is priced at $4,400,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 371841410
- Year Built: 1958
11 units in the heart of prime West LA, and just adjacent to Sawtelle District, Brentwood and Westwood. With a brand-new electrical service, EQ retrofit completed, copper plumbing throughout, and the roof & sewer in great condition, this will be an easy to manage property to keep in a portfolio for many years. 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. Professionally managed asset with great in-place rents and low expenses, and separate meters for gas & electricity. 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 Expo 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. Plenty of on-site private/assigned parking, 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.