CA > Los Angeles
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
Los Angeles, CA 90004,5026 Rosewood AVE
Los Angeles, CA 90004,5026 Rosewood AVE
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Denise Martin

Denise Martin

+1(661) 233-6916
$ 11,400,000
Est. payment | /mo

50 Beds

45 Baths

31,506 SqFt

Save
$ 11,400,000
Est. payment | /mo
Save

50 Beds

45 Baths

31,506 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 31,506 sqft

Price per Sqft $361

MLS Listing ID 24381943

Bedrooms 50

HOA Y/N No

Year Built 2017

Lot Size 0.309 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 C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Covered, Gated

Parking Type Covered, Gated

Total Parking Spaces 40

Building

Story 4

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5522021027

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Filip Niculete • Marcus & Millichap
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 233-6916

denise@denise4realty.com

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5026 Rosewood AVE