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1633 Rockwood Street, Los Angeles, CA

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1633 Rockwood Street

Los Angeles, CA 90026-5542 - Westlake MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1965
Stories:- Building Size:6,440 SF Land Area:.2 AC (8,581 SF)
For Sale Price:$1,750,000 Price/Unit:$291,666.67 Cap Rate:2.67 % GRM:20.87


Sale Notes:
Marcus & Millichap is pleased to present this portfolio of 6-units, consisting of 4: 2 Bedroom/1.5 Bath & 2: 4 Bedroom/2 Bath apartment buildings. This property is situated just outside of Downtown Los Angeles, on the north side of Rockwood Street, in between Beverly Boulevard and West Temple Street. These large units sit on 8,582 SF of land and have a traditional Los Angeles feel. The property is located minutes from both the 101 Hollywood Freeway and famous Sunset Boulevard. The property is also adjacent to SIlver Lake the Historic Echo Park Lake, in an area full of gentrification and life. The property is positioned on a quiet and peaceful street, and also has the benefits of nearby night life and entertainment. These units have recently been rehabilitated and have a unique modern look.

Marcus & Millichap is pleased to present this six (6) unit multifamily property in Los Angeles, CA. Built in 1965, the property consists of four (4) 2 bed/1.5 bath, units and two (2) 4 bed/2 bath units. Units feature a kitchen, living room, and dining area. The property is gated, has an on-site laundry facility. The building has a well maintained driveway with parking in front and in the rear.

Located just outside of Downtown Los Angeles, Historic Filipinotown and Westlake North have improved immensely over the past ten years by virtue of over $32 billion dollars spent on new developments since 1999.

The property is conveniently positioned near the 101, 110 and 5 freeways, providing convenient access to many Southern California regions. The property is walking distance away from Echo Park and Silver Lake, and is just a few minutes drive from Dodger Stadium. The building is situated in a desirable location given its close proximity to retail, shopping and employment opportunities nearby.

Marcus & Millichap
Matt Ziegler
(818) 212-2738

Jordan Fischer
(818) 212-2774

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