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Property Description

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
: Floor furnace
2
: Individual Room, Dryer Included, Washer Included, Community
0
: Bungalow
Additional Information
Compass
0
CLW-X95570
CLW-X7710801
Eric
4263031002
: Standard
5
32

Multi-Family For Sale

11900 Rochester Avenue, Los Angeles, California 90025

3,657 Sqft
$2,225,000
Listing ID #23234319
Basic Details
Status : Active
DaysOnMarket : 104
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 23234319
Price : $2,225,000
Living Area : 3,657 Sqft
Lot Size : 7,003 Sqft
Year Built : 1952
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90025
Price Per Square Foot : $608
ModificationTimestamp : 2023-05-04 19:24:01
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