See Home Value
$2,244,872*
Multifamily - Off Market

11900 Rochester Ave

Los Angeles, CA 90025
bedrooms
6 Beds
bathrooms
0 Bath
$2,003,000 - $2,447,000
Reference Base Price*
0.89%
Since Aug 1, 2023
CA-Los Angeles
Primary Model

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jul 21, 2023 No longer available -
No longer available
May 6, 2023 Price Decreased $2,225,000
↓ $50K (2.2%)
Price Decreased
Feb 24, 2023 Price Decreased $2,275,000
↓ $175K (7.1%)
Price Decreased
Jan 20, 2023 Listed $2,450,000
Listed
Oct 19, 2021 Sold $1,777,500
Sold

Property Highlights

Parking Available
Garage
Parking Details
Assigned
Garage
Unassigned


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
5,242 ft²
$477/ft²
$2,499,000 Aug 31, 2022
-
-
Multifamily
Stu
-
2,393 ft²
$1,003/ft²
$2,399,000 Nov 2, 2022
-
-
House
3 Beds
3 Baths
1,631 ft²
$1,594/ft²
$2,599,000 Jan 19, 2023
-
-
Townhouse
3 Beds
2.5 Baths
1,995 ft²
$1,003/ft²
$2,000,000 Jan 11, 2023
-
$600/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230120
01/20/2023
6 Bed
-
-
$2,450,000
bedrooms
6 Bed
bathrooms
-
-
-
-
Eric Akutagawa
Compass
20211120
11/20/2021
Studio
-
-
$2,399,000
bedrooms
Studio
bathrooms
-
-
-
-
Eric Akutagawa
Compass

Building Info

11900 Rochester Avenue 11900 Rochester Avenue, Los Angeles, CA 90025
More about this Building
11900 Rochester Avenue
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About West Los Angeles


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