Active
5026 Rosewood Avenue
Los Angeles CA, 90004
$11,950,000
$379.29 per sqft
Active
50 Beds
45 Baths
31,506 sqft
Residential
Built in 2017
Listed by Filip Niculete with Marcus & Millichap 818-212-2700
We are is 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 floors.At $379 per square foot, this offering is priced below replacement cost, and it offers the buyer an estimated 16% upside potential on current rental income. Hancock Park is a distinguished and affluent 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.
24381943
MLSⓇ ID
April 18, 2024
Listed
May 9, 2024
Updated
Map
5026 Rosewood Avenue
Los Angeles CA, 90004
Interior Features
Total Stories
4
Bedrooms
50
Total Bathrooms
45
Appliances
Dishwasher, Microwave, Refrigerator, Dryer, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.31 Acres
Other Property Details
Area Name
C18 - Hancock Park-Wilshire
Days on Market
8
Garage
No
Parking
Covered, Gated
Parking Total
40
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
1%
Listing Contact: 818-212-2700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 1:38 PM UTC