CA > Los Angeles
Los Angeles, CA 90034,10883 Rose Ave
Los Angeles, CA 90034,10883 Rose Ave
Los Angeles, CA 90034,10883 Rose Ave
8
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$4,800,000
Est. payment /mo
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20 BD
20 BA
11,016 SqFt
Active Under Contract

10883 Rose Ave Los Angeles, CA 90034

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

UPDATED:

10/28/2024 10:07 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 11,016 sqft

Price per Sqft $435

MLS Listing ID 24-430215

Bedrooms 20

Year Built 2000

Lot Size 8,015 Sqft

Acres 0.1841

Property Description

**$349,000 Price Reduction - 13.25 GRM on current rents ** 10883 Rose Ave is not subject to City of LA rent control, and is entirely comprised of bright and spacious 2-bdrm. and 2-bath units in the heart of Palms. The property is 2 blocks north of Overland Ave. and Palms Blvd, and is minutes from downtown Culver City, Sawtelle, UCLA, the 10 Fwy, and the 405 Freeway. Please note, Palms is home to a strong demographic of renters, with half of Palms residents are between the ages of 18-34, graduated from a 4-year institution, and have a household income of approx. $98,477 (demographic stats provided by Niche.com). Built in 2000, the property features (10) 2-bdrm. and 2-bath units that are not subject to LA city rent control. Each bright and spacious unit averages approx. 1,100 SF and has a gas fireplace and central A/C. Several interiors include wood laminate flooring, stainless steel appliances, quartz/granite countertops and recessed lights. 10883 Rose is offered at 13.25 GRM on current rents with approx. 16% rental upside, and will stabilize at 6.16% CAP and 11.41 GRM with projected market rents. Property amenities include a gated parking garage with 20 spaces, a community laundry room, and controlled access.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Wood Laminate

Fireplaces Type Living Room

Equipment Built-Ins, Dishwasher, Freezer, Garbage Disposal, Range/Oven, Hood Fan, Refrigerator

Laundry Community

Exterior

Garage Garage

Garage Spaces 20.0

View Y/N No

View None

Building

Story 3

Level or Stories Three Or More

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 Compass

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Hunter Scholl

+1(702) 575-1320

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10883 Rose Ave