Active

11953 Rochester Ave

Los Angeles CA, 90025

$4,250,000


$558.99 per sqft

Active

12 Beds

11 Baths

7,603 sqft

Multi-family

Built in 1958

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.

24-405663

MLS ID

June 19, 2024

Listed

July 13, 2024

Updated

Map

11953 Rochester Ave
Los Angeles CA, 90025

Interior Features

Total Stories

2


Bedrooms

12


Total Bathrooms

11


Appliances

Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Freezer, Hood Fan, Ice Maker, Microwave, Washer, Refrigerator, Range/Oven


Laundry Description

In Unit, Laundry Area, Community


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan, Air Conditioning


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.16 Acres

Other Property Details

Area Name

West L.A.


Days on Market

8


Garage

No


Parking

Covered Parking, Assigned, Driveway


Parking Total

7


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR3

Listed by Jonathan Rawson with Avenue Realty Group
Listing Contact: 310-869-9137 

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 Joseph Custer | CA DRE# 01846723 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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