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11953 Rochester Ave

Los Angeles, CA 90025
  • $3,995,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: 22-150161
UPDATED: 25 min ago
$3,995,000
  • 12
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,603
    SQFT
  • $525
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

We are proud to present this 9 unit, value-add, multifamily asset located at 11953 Rochester Ave in West LA 90025. The property is conveniently located in the dynamic and ever expanding Sawtelle section of West Los Angeles. This is an amazingly consistent and growing rental market that is positioned perfectly right in the center of the best that Los Angeles has to offer. The building is a sprawling 7603 sf spread out over the 9 large units and sits on a 6992 sf lot that is zoned LAR3. It is strategically positioned on the corner of Rochester and Brockton with alley access and separation parallel to Brockton making it the perfect anchor in any future development assemblage. This asset also boasts an extremely profitable unit mix combining 4 large 1br + 1 ba units, 3 large 2 br + 1 ba units, a single Bachelor unit and an extra large 2 br + 1.5 ba unit. 3 of the 9 units will be delivered vacant. Additionally, there is an opportunity to build 2 ADU units (please do your own due diligence. ADU and Tenant information has been provided by the Owner. Broker does not guarantee these options.) Property is Tenant occupied. Please do not disturb the tenants. Showings with accepted offer only. Contact the Listing Agents for more information.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T07:42:43.297. 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.
www.markwiseproperties.com/homes/128051479
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11953 Rochester Ave Los Angeles, CA 90025

  • Price: $3,995,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 25 min ago
  • MLS #: 22-150161
12
Beds
0
Baths
0
½ Baths
0.16
Acres
7,603
SQFT
$525
$/SQFT
1958
Built
Neighborhood:
West L.A.
County:
Los Angeles
Area:
West L.A.
Property Description
We are proud to present this 9 unit, value-add, multifamily asset located at 11953 Rochester Ave in West LA 90025. The property is conveniently located in the dynamic and ever expanding Sawtelle section of West Los Angeles. This is an amazingly consistent and growing rental market that is positioned perfectly right in the center of the best that Los Angeles has to offer. The building is a sprawling 7603 sf spread out over the 9 large units and sits on a 6992 sf lot that is zoned LAR3. It is strategically positioned on the corner of Rochester and Brockton with alley access and separation parallel to Brockton making it the perfect anchor in any future development assemblage. This asset also boasts an extremely profitable unit mix combining 4 large 1br + 1 ba units, 3 large 2 br + 1 ba units, a single Bachelor unit and an extra large 2 br + 1.5 ba unit. 3 of the 9 units will be delivered vacant. Additionally, there is an opportunity to build 2 ADU units (please do your own due diligence. ADU and Tenant information has been provided by the Owner. Broker does not guarantee these options.) Property is Tenant occupied. Please do not disturb the tenants. Showings with accepted offer only. Contact the Listing Agents for more information.
Exterior Features

Lot Size Area 6992 Other Structures None Parking Garage GarageCovered ParkingTandem Total Parking 9

Interior Features

Baths Total 10.00 Cooling Wall Unit(S) Equipment Ceiling FanDishwasherWasherDryerMicrowaveOther Heating Wall

Property Features

Assessed Total Value 317737 Gross Income 215407 Gross Operating Income 215407 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 134012.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 74933 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Derek Reilly DRE#02072548 of Kw Advisors.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T07:42:43.297. 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.
 
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Mark Wise | Bennion Deville Homes
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Rancho Mirage CA, 92270