Description
11 units in the heart of prime West LA, and just adjacent to Sawtelle District, Brentwood and Westwood. With a brand-new electrical service, EQ retrofit completed, copper plumbing throughout, and the roof & sewer in great condition, this will be an easy to manage property to keep in a portfolio for many years. 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. Professionally managed asset with great in-place rents and low expenses, and separate meters for gas & electricity. 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 Expo 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. Plenty of on-site private/assigned parking, 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. Link to OM can be found in Dropbox folder: https://www.dropbox.com/scl/fi/i68todk2znsrhv5mhzlrc/11953-Rochester-Ave-OM.pdf?rlkey=vhvk8jsg0jiw4511lxck21c5f&dl=0
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12BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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7,603SQFT
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$579$/SQFT
School Ratings & Info
Description
11 units in the heart of prime West LA, and just adjacent to Sawtelle District, Brentwood and Westwood. With a brand-new electrical service, EQ retrofit completed, copper plumbing throughout, and the roof & sewer in great condition, this will be an easy to manage property to keep in a portfolio for many years. 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. Professionally managed asset with great in-place rents and low expenses, and separate meters for gas & electricity. 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 Expo 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. Plenty of on-site private/assigned parking, 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. Link to OM can be found in Dropbox folder: https://www.dropbox.com/scl/fi/i68todk2znsrhv5mhzlrc/11953-Rochester-Ave-OM.pdf?rlkey=vhvk8jsg0jiw4511lxck21c5f&dl=0
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. 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 deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.