4525 Rosewood Avenue

    Los Angeles (City), CA 90004
    • $1,649,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 18353628
    UPDATED: 63 min ago
    $1,649,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,458
      SQFT
    • $255
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    We are pleased to present this charming 6 unit multi-family complex in Hollywood, one of the highest demand rental markets in the country. This value-add asset features +/- 40% rental upside and the lowest price per square foot in its submarket! Further, the property features a unique unit mix of (4) two-bedroom/one-bath units and (2) one-bedroom/one-bath units and 5 one-car garages. Two units have been fully renovated to feature, new floors, new windows, new A/C, new cabinetry in the kitchen and bathroom, as well as all new stainless steel appliances, and laundry in-unit. The complex is located just minutes away from Downtown, Hollywood, and Los Angeles' famed Koreatown neighborhood. The area features many popular eateries such as The Bun Shop, Baroo, Beer Belly, Escala and many more. Just a short walk to the Metro Station on Vermont and Beverly!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T15:31:29.373. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84556273

    4525 Rosewood Avenue Los Angeles (City), CA 90004

    • Price: $1,649,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 18353628
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,458
    SQFT
    $255
    $/SQFT
    1925
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    We are pleased to present this charming 6 unit multi-family complex in Hollywood, one of the highest demand rental markets in the country. This value-add asset features +/- 40% rental upside and the lowest price per square foot in its submarket! Further, the property features a unique unit mix of (4) two-bedroom/one-bath units and (2) one-bedroom/one-bath units and 5 one-car garages. Two units have been fully renovated to feature, new floors, new windows, new A/C, new cabinetry in the kitchen and bathroom, as well as all new stainless steel appliances, and laundry in-unit. The complex is located just minutes away from Downtown, Hollywood, and Los Angeles' famed Koreatown neighborhood. The area features many popular eateries such as The Bun Shop, Baroo, Beer Belly, Escala and many more. Just a short walk to the Metro Station on Vermont and Beverly!
    Exterior Features

    Direction Faces South Lot Size Source See Remarks Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.40 Gross Multiplier 16.70 Gross Operating Income 98451.00 Improvements Amount 177952 Insurance Expense 3707.00 Land Value 355907 Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 55923.00 Professional Management Expense 3938.00 Special Listing Conditions Standard Total Expenses 42528.00 Water Sewer Expense 10654.00 Zoning Lar3

    Listing provided courtesy of Zachary Grant of Elijah Korobkin.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T15:31:29.373. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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