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10883 Rose Ave
Los Angeles, CA 90034
(10) 2+2 Units w/ No LA City Rent Control · Multifamily Property For Sale
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10 Units
Investment Highlights
- Built in 2000, subject to no local LA Rent Control (allowing 5%+ CPI annual rent increases)
- Majoirty of units have been upgraded including hard wood lamanet floors, stainless-steel appliances, quartz/granite countertops, recessed lights
- 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
- Comprised of (10) 2-Bdrm. & 2-Bath units that average approx. 1,000 SF and are equipped with central A/C and a fireplace. Several units have a balcony
- Offered at 13.25 GRM with approx. 16% rental upside. Property will stabilize at 11.41 GRM and 6.16% CAP with project market rents.
- Strong renter demographics - half of residents are 18-34, graduated from a 4-year institution, and have a household income of approx. $98,000
Property Facts
| No. Units | 10 | Building Size | 11,016 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2000 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R3-1, Los Angeles - Neighborhood Commercial | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 11,016 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2000 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R3-1, Los Angeles - Neighborhood Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Granite Countertops
- Stainless Steel Appliances
- Quartz Countertops
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | $2,983 | - |
Property Taxes
| Parcel Number | 4254-017-004 | Improvements Assessment | $2,790,000 |
| Land Assessment | $1,860,000 | Total Assessment | $4,650,000 |
Property Taxes
Parcel Number
4254-017-004
Land Assessment
$1,860,000
Improvements Assessment
$2,790,000
Total Assessment
$4,650,000
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