Skip To Content
    Return to Previous Page

    1633 Rockwood St

    Los Angeles, CA 90026
    • $2,040,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 20-608086
    UPDATED: 43 min ago
    $2,040,000
    • 16
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,440
      SQFT
    • $317
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Built in 1965, the building contains an excellent unit mix, consisting entirely of large two- and four- bedroom apartments, several of which are townhouse floorplans. Given the significant improvements in the Westlake rental market over the span of several years, current rents are now far below those of similar apartments in the area. A new investor may be able to capitalize on approximately 44% in rent upside, therebysignificantly improving their cash flow. The property is not on the LADBS seismic retrofit list, allowing a new owner to enjoy much lower deferred maintenance expenses. Although parking is often scarce in the immediate neighborhood, this property features several open on-site parking spaces. Laundry facilities at the property also provide an additional income stream for the owner. ***A four-bedroom apartment is currently being leased as two separate two-bedroom units.**

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-14T17:42:55.817. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.corrieluxuryhomes.com/homes/108138041
    Print Image

    1633 Rockwood St Los Angeles, CA 90026

    • Price: $2,040,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: 20-608086
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    6,440
    SQFT
    $317
    $/SQFT
    1965
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    Built in 1965, the building contains an excellent unit mix, consisting entirely of large two- and four- bedroom apartments, several of which are townhouse floorplans. Given the significant improvements in the Westlake rental market over the span of several years, current rents are now far below those of similar apartments in the area. A new investor may be able to capitalize on approximately 44% in rent upside, therebysignificantly improving their cash flow. The property is not on the LADBS seismic retrofit list, allowing a new owner to enjoy much lower deferred maintenance expenses. Although parking is often scarce in the immediate neighborhood, this property features several open on-site parking spaces. Laundry facilities at the property also provide an additional income stream for the owner. ***A four-bedroom apartment is currently being leased as two separate two-bedroom units.**
    Exterior Features

    Lot Size Area 8582 Other Structures Other Parking Garage AssignedDriveway Total Parking 0

    Interior Features

    Baths Total 9.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 377366 Gross Income 143400 Gross Operating Income 139998 Like Units1 4 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 92654.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 47344 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-08-14T17:42:55.817. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-608086-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-608086-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-608086-2.jpg
    Logo
    Compass
    8560 W Sunset Blvd 3rd Floor
    Los Angeles CA, 90069