CA > Los Angeles
Los Angeles, CA 90004,5026 Rosewood Ave
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Los Angeles, CA 90004,5026 Rosewood Ave
Los Angeles, CA 90004,5026 Rosewood Ave
Los Angeles, CA 90004,5026 Rosewood Ave
Los Angeles, CA 90004,5026 Rosewood Ave
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Brandon Arlington

Brandon Arlington

+1(781) 385-0196
$ 11,400,000
Est. payment /mo
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Active

5026 Rosewood Ave Los Angeles, CA 90004

50 Beds

45 Baths

31,506 SqFt

UPDATED:

05/22/2024 06:55 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 31,506 sqft

Price per Sqft $361

MLS Listing ID 24-381943

Bedrooms 50

Year Built 2017

Lot Size 0.310 Acres

Acres 0.3095

Property Description

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 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 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.

Location

State CA

County Los Angeles

Area Hancock Park-Wilshire

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Range/Oven, Refrigerator, Microwave, Dishwasher, Elevator, Washer, Dryer, Other

Exterior

Garage Covered Parking, Gated

Garage Spaces 40.0

Building

Story 4

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap