Listing provided courtesy of Ramin Gheitanchi of Keller Williams Beverly Hills. Last updated 2024-11-23 09:11:38.000000. Listing information © 2024 CRMLS.
Asking Price: $6,995,000
10965 Rochester, Los Angeles CA 90024
Community: C05 - Westwood - Century City
Status: Active
This property was built in 1971 and is priced at $6,995,000. Please see the additional details below.
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).