CA > Los Angeles
Los Angeles, CA 90034,10961 Rose Avenue
Los Angeles, CA 90034,10961 Rose Avenue
Los Angeles, CA 90034,10961 Rose Avenue
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$2,995,000
Est. payment /mo
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5 Beds
7 Baths
Active Under Contract

10961 Rose Avenue Los Angeles, CA 90034

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB25107742

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

Property Description

10961 Rose is located on the best street in all of Palms. Rose is a primarily residential area of Palms that does not have many apartment buildings. Quiet and beautiful, this area is the single best spot to own in the 90034 zip code. The Rose Apartments are coming to the market for the first time in over 30 years. A beautiful asset with oversized units. The units are currently rented well under market and a buyer can achieve over 57% upside on this asset just by increasing the current rents. A value-add investor may build 2 attached ADU's on the site as well to further increase the income over 100%. We are delivering the property at a very attractive 5.24% cap rate and 11.89 GRM. The property is also being delivered well under market at only $313 a foot. Some of these oversized units have large dens that can be converted to bedrooms to further increase the upside. The property has had its soft story retro fit completed and is well parked with 9 individual spaces + 3 extra tandem spaces on-site for a total of 12 parking. This is a prime asset in an A+ location of LA being delivered under market with tremendous upside!

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off of Palms Blvd and S Sepulveda Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 4251020010

MLS Router / San Diego MLS
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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10961 Rose Avenue

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