$2,244,872*
●
Multifamily -
Off Market
11900 Rochester Ave
Los Angeles, CA 90025
6 Beds
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
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
Stu
-
2,393 ft²
$1,003/ft²
$2,399,000
Nov 2, 2022
-
-
Active
House
3
Beds
3
Baths
1,631 ft²
$1,594/ft²
$2,599,000
Jan 19, 2023
-
-
Active
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 |
---|---|---|---|---|---|---|---|---|
01/20/2023
|
|
6 Bed
|
-
|
-
|
$2,450,000
6 Bed
-
|
-
-
|
-
|
Eric Akutagawa
Compass
|
11/20/2021
|
|
Studio
|
-
|
-
|
$2,399,000
Studio
-
|
-
-
|
-
|
Eric Akutagawa
Compass
|
Building Info
About West Los Angeles
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