$11400000 Price Analysis 5026 Rosewood AveLos Angeles, CA 90004 50 bed 45 bath 31506 SqFt ($361/SqFt) 0.31 acre lot. Built 2017 Listed 2024-04-18, Taxes $117832 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 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 and dryer. The secured and gated proprty 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 afue nt 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.
Presented by Filip Niculete at
Marcus & Millichap.
Property MLS #24-381943 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $7671422 + $2155202 $9826624 | $117832 |
2021 | $7521002 + $2112944 $9633946 | $116278 |
2020 | $7443884 + $2091279 $9535163 | $117462 |
2019 | $7297926 + $2050274 $9348200 | $112381 |
2018 | $7154830 + $2010073 $9164903 | $111959 |
2017 | $6376220 + $1970660 $8346880 | $99777 |
2016 | $386404 + $1545616 $1932020 | $23346 |
2015 | $380600 + $1522400 $1903000 | $22975 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.