10965 Rochester Avenue

Los Angeles, CA 90024

$6,100,000
Last Sold Price
15
Beds
18
Baths
13,755 Sq. Ft.
$443 / Sq. Ft.
13,755
Sq. Ft.
$443
per Sq. Ft.

Description

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...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).
  1. Listed by Ramin Gheitanchi • DRE #01501715 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 10965 Rochester Avenue

Zoning
LAR4
Parcel Number
4324006016
Total Units
18.0
Living Area
13755
Source Living Area
Vendor Enhanced
Area
Westwood - Century City (C05)
Vacancy Rate
13811
Lot Size Area
7650
LISTING UPDATED: 01/09/2025 04:09 PM

Property Details for 10965 Rochester Avenue

StatusSold
MLS #24-448141
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1971
Lot Size0.18 AC / 7,650 SF
CountyLos Angeles County

Building Information for 10965 Rochester Avenue

Stories3Residences-Year Built1971Building Size-Lot Size0.18 AC / 7,650 SF

Property Information for 10965 Rochester Avenue

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Security Features: Automatic Gate
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $450,145
  • Net Operating Income: $278,723.00
  • Gross Income: $463,956
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $15.08
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 171422
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1756
  • Lot Size Square Feet: 7650
  • Lot Size Dimensions: 58x133
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Controlled Entrance, Community Garage
  • Total Parking: 18
  • Parking Features: Controlled Entrance, Community Structure
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Electric
  • Heating Type: Electric
  • Equipment: Elevator, Intercom
  • Cooking Appliances: Electric
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Roof: Flat
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-02-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,970.00
  • Unit Actual Rent: $32,451.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 15
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,163.00
  • Unit Actual Rent: $5,912.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,035,844.00
  • Assessed Improvement Percent: 55.0
  • Assessed Land Value: $847,501.00
  • Assessed Land Percent: 45
  • Assessed Total Value: $1,883,345.00

Property History for 10965 Rochester Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10965 Rochester Avenue

Taxable ValueLand$864,451Additions$1,061,690Total$1,926,141
Tax Record2024$24,928 ($2,077 / month)
Home Facts
Total Finished SqFt13,755 SqFtAbove Grade Finished SqFt13,755 SqFtLot Size7,648 SqFtStyleMulti-Family Res (5+ Units)Year Built1971ZoningLAR4CountyLOS ANGELESAPN4324-006-016

Schools near 10965 Rochester Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Fairburn Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Ramin Gheitanchi, DRE #01501715

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.