11953 Rochester Avenue, Los Angeles
Los Angeles Home For Sale
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.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90025
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- MLS® #:
- 24405663
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- Bedrooms:
- 12
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- Bathrooms:
- 11
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- Square Ft:
- 7,603
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- Lot Size:
- 0.16
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- Levels:
- Two
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 9th, 2024 at 2:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.