Los Angeles, CA 90034,10883 Rose Ave
Los Angeles, CA 90034,10883 Rose Ave
Los Angeles, CA 90034,10883 Rose Ave
8
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$4,800,000
Est. payment /mo
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20 BD
20 BA
11,016 SqFt
Active Under Contract

10883 Rose Ave Los Angeles, CA 90034

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UPDATED:

10/28/2024 10:07 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 11,016 sqft

Price per Sqft $435

MLS Listing ID 24-430215

Bedrooms 20

Year Built 2000

Lot Size 8,015 Sqft

Acres 0.1841

Property Description

**$349,000 Price Reduction - 13.25 GRM on current rents ** 10883 Rose Ave is not subject to City of LA rent control, and is entirely comprised of bright and spacious 2-bdrm. and 2-bath units in the heart of Palms. The property is 2 blocks north of Overland Ave. and Palms Blvd, and is minutes from downtown Culver City, Sawtelle, UCLA, the 10 Fwy, and the 405 Freeway. Please note, Palms is home to a strong demographic of renters, with half of Palms residents are between the ages of 18-34, graduated from a 4-year institution, and have a household income of approx. $98,477 (demographic stats provided by Niche.com). Built in 2000, the property features (10) 2-bdrm. and 2-bath units that are not subject to LA city rent control. Each bright and spacious unit averages approx. 1,100 SF and has a gas fireplace and central A/C. Several interiors include wood laminate flooring, stainless steel appliances, quartz/granite countertops and recessed lights. 10883 Rose is offered at 13.25 GRM on current rents with approx. 16% rental upside, and will stabilize at 6.16% CAP and 11.41 GRM with projected market rents. Property amenities include a gated parking garage with 20 spaces, a community laundry room, and controlled access.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Wood Laminate

Fireplaces Type Living Room

Equipment Built-Ins, Dishwasher, Freezer, Garbage Disposal, Range/Oven, Hood Fan, Refrigerator

Laundry Community

Exterior

Parking Features Garage

Garage Spaces 20.0

View Y/N No

View None

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Compass

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Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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10883 Rose Ave