10965 Rochester Ave Westwood, CA 90024
Pending
$6,995,000
18 Units
15 Beds
18 Baths
13,755 Area(sq.ft.)
7,650 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 15 | 1 | 1 | No | $ 1,970 | $ 32,451 | $ 2,795 |
| Unit 2 | 3 | studio | 1 | No | $ 2,163 | $ 5,912 | $ 2,250 |
| 2 | 18 | 15 | 18 | $ 36,039 | $ 504,501 | $ 48,675 |
| MLS #: | 24-448141 |
| Days On Market: | 54 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 509 |
| Price per unit: | $ 388,611 |
| Year Built: | 1971 |
Property Details
Prime Westwood rarely traded 18-unit trophy apartment building offered for sale for the 1st time in over 40 years. Property is located 3 blocks south of Wilshire Blvd and just west of Westwood Blvd. Well maintained asset with 13 out of 18 units renovated and 4 units to be delivered vacant at closing. Good unit mix of 15 spacious 1 bedroom units and 3 studios. Property features underground gated parking with 18 spots, elevator, formal lobby, controlled intercom access, trash chute on each floor and a laundry room with machines owned by the Seller. Priced at only $388,611/unit, $508/S.F., 4% CAP and 15.08 GRM with current rents. Priced at 11.9 GRM and 5.6% CAP with rents at market (buyer to confirm).Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 13811% |
| Gross Operating Income: | $ 450,145 |
| Total Annual Expense: | $ 171,422 |
| Net Operating Income: | $ 278,723 |
| Gross Annual Income: | $ 463,956 |
| Cap Rate: | 4% |
| Gross Rent Multiplier: | 15.08 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Three Or More |
| Security Features: | Automatic Gate |
Land & Parking
| Zoning: | LAR4 |
| Parking Garage: | Controlled Entrance, Community Garage |
| Total Parking: | 18 |
Interior
| Cooking Appliances: | Electric |
| AC/Cooling: | Wall/Window |
| Equipment: | Elevator, Intercom |
| Heating: | Electric |
| Laundry: | Community |
| Laundry Equipment: | Own |
Exterior
| Roof: | Flat |
Detailed Map
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