11900 Rochester Ave

Los Angeles, CA, 90025

$2,275,000

$622 per ft²
$2,275,000
$622 per ft²
Active
Active
 - For Sale
beds
6 Beds
baths
7 Baths
carpenters-square
3,657 ft²
property_type
Multi-family
calendar
Built 1952
A+ locale 2 blocks South of Wilshire & only $325k/door or build the 2 ADUs and the price drops to $252k/door! Priced at nearly LAND VALUE - Compare to recently sold comps 1333 Brockton & 1721 Armacost and acquire this value add asset to your portfolio with over 70% upside in rents. Don't miss this extremely rare & unique 7-unit apartment "compound" comprised of 4 standalone buildings including a triplex with 2-1+1s and a studio unit, a duplex with a remodeled 1+den+1 and gigantic private patio (delivered vacant) and another studio unit upstairs, and 2 freestanding 1+1 bungalows! Seller is finalizing RTI plans for two (2) ADU's (~$ 4300/month add'l income) utilizing the existing 5 vacant garages thereby reducing the build out cost (~$50k/unit to finish)! PROFORMA without 2 ADUs is $154800 GOI, $105935 NOI, 4.32% CAP, or $206400 GOI, $155535 NOI, and approx 5.8% CAP with ADUs! Or, develop into an amazing condo/townhouse project on this 50'x140' [Q]R3-1 corner lot with rear alley access. Centrally located between Brentwood, Westwood, and Santa Monica in a high demand rental area, this exceptional property offers a plethora of possibilities and upside making this the perfect owner/user, developer, or 1031 exchange property. On-site laundry & NO soft story retrofit requirement. Please do not disturb tenants or walk the property.
MLS® ID:
23-234319
Listed:
1/19/23
Updated:
3/31/23

Interior Features

Kitchen Features
Tile Counters, Quartz Counters
Total Bedrooms
6
Total Bathrooms
7
Interior Features
Built-Ins
Laundry Description
Community, Room
Floor Description
Carpet, Hardwood, Vinyl
Fireplace
Patio, Living Room, Decorative
Cooling
None
Heating
Floor Furnace, Wall Gas

Exterior/Building Features

Lot Size
7,003 ft² lot
Exterior Features
None
Architectural Style
Bungalow
Roof
Composition, Shingle
Sewer
In Street

Other Property Details

Garage
Yes
Garage Spaces
5
Parking
Garage, Garage - 4 Car, Unassigned
Parking Total
5.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
2/22/23
Price Change
$2,275,000
-7%

Courtesy of Compass, Eric Akutagawa,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Megan Whalen Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/31/23

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