$11400000 Price Analysis   ♡   Los 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 |
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 f (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 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.
Presented by Filip Niculete at
Marcus & Millichap.
Property MLS #24-381943 from TheMLSCLAW
Full Bathrooms: 45
Heating Features: Central
Garage Description: Covered Parking, Gated
Parking Total: 40
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 13482
Calculated Total Monthly Association Fees: 0
Number of Units: 22
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3052, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 51000, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 3915, 4 BedsTotal: 3, 4 BathsTotal: 2, 4 SquareFeet: 11850, 5 BedsTotal: 3, 5 BathsTotal: 3, 5 SquareFeet: 8600
County: Los Angeles
Cap Rate: 4.87
Directions: Wilton & Rosewood
Source Property Type: Residential Income
Area: Hancock Park-Wilshire
Source Neighborhood: Hancock Park-Wilshire
Parcel Number: 5522-021-027
Zoning: LAR3
Source System Name: C2C
| 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 |
$11400000
TheMLSCLAW
Listed 2024-04-18
$11950000
TheMLSCLAW
Sold 2023-04-07
$1628500
Public Record
Listing removed 2021-07-21
$0
TurboTenant
Listed for rent 2021-07-14
$3250
TurboTenant
Listing removed 2020-10-25
$0
AppfolioUnits
Price Changed for rent 2020-10-23
$2995
AppfolioUnits
Price Changed for rent 2020-10-18
$3100
AppfolioUnits
Listed for rent 2020-10-03
$3450
AppfolioUnits
Listing removed 2020-09-17
$0
AppfolioUnits
Listed for rent 2020-07-17
$2800
AppfolioUnits
Listing removed 2020-07-17
$0
AppfolioUnits
Listed for rent 2020-07-16
$2800
AppfolioUnits
Sold 2013-07-23
$838000
Public Record
Sold 2010-02-23
$624000
Public Record
Listing removed 2004-09-01
$2000
ITECH
Listed for rent 2004-08-03
$2000
ITECH
Year Built: 2017
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 7
Levels or Stories: 4
Building Total Stories: 4
Year Built Source: Assessor
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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.