5026 Rosewood Avenue, Los Angeles, CA 90004

$11,400,000
50
BD
45
BA
31,506
SqFt
List Price
$11,400,000
Price Change
▼ $550,000 1716423439
Status
ACTIVE
MLS#
24381943
Year Built
2017
Bedrooms
50
Bathrooms
45
Living Sq. Ft
31,506
Lot Size
13,482
Acres
0.31
Days on Market
36
Property Type
Multifamily
Stories
Multi Level

Property Description

We are proud to present this newer construction 22-unit multifamily property located at 5026 Rosewood Ave, Los Angeles, CA 90004. Built in 2017, the property is 100% non-rent controlled. This 31,506 square foot property sits on a large 0.31-acre lot, and it boasts an excellent unit mix of (16) 2 bed units and (6) 3 bed units. The units are very large with the average unit being about 1,400 square feet.All units come with a full suite of new stainless-steel appliances, central HVAC system with NEST thermostat, a private balcony, and an in-unit washer & dryer. The very secured and gated property has a subterranean parking lot operating by an automatic gate with ample parking and bicycle storage, and the tenants also have convenient access to an elevator serving all four oors.At $362 per square foot, this offering is priced below replacement cost, and it offers the buyer an estimated 20% upside potential on current rental income. Hancock Park is a distinguished and afuent neighborhood located in central Los Angeles, celebrated for its picturesque tree-lined streets and historic charm. This prime location offers a serene residential atmosphere while maintaining convenient access to the vibrant cultural and culinary offerings of nearby Hollywood and Downtown Los Angeles. With the prestigious Wilshire Country Club and the Los Angeles Tennis Club within its boundaries, Hancock Park is a highly desirable area for upscale living. This new 22-unit apartment building represents a unique investment opportunity in one of the city's most sought-after communities, perfect for discerning residents seeking both luxury and accessibility in the heart of Los Angeles.

Additional Information

Appliances
Dishwasher, Microwave, Refrigerator, Dryer, Washer
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Attached Structure
Detached
Number Of Units Total
22

Listing courtesy of Listing Agent: Filip Niculete (info@laaa.com) from Listing Office: Marcus & Millichap.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.