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11900 Rochester Avenue

Los Angeles CA 90025

6
7
5
3657 sq. ft.
7003 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
7 bathrooms
5 carspaces
5 garage spaces
3657 sq. ft. floor area
7003 sq. ft. lot size
Other

Property history for 11900 Rochester Avenue

2021
Sold
$1,777,500
19 Oct 2021

Happy sellers in Los Angeles

87%
87% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 6 bedroom other properties in Los Angeles

In the last 12 months, 2 six-bedroom other properties similar to 11900 Rochester Avenue, have been sold.

This represents a 100% decrease in six-bedroom other properties sales when compared to the previous 12 months.

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