The Meridian and Rose Apartments 2 Multifamily Properties in Los Angeles, CA
INVESTMENT HIGHLIGHTS
- State-of-the-art renovations with additional proven upside potential
- Constrained supply pipeline
- Epicenter of southern California’s most dominant employment hub
EXECUTIVE SUMMARY
Newmark, as exclusive advisor, is pleased to present this coastal, Southern California portfolio of two multifamily properties. Both are located in prime areas of West Los Angeles and feature attractive assumable financing.
Built in 1972, the properties are centrally located in the coveted Palms neighborhood within the Greater Culver City submarket. With the vast majority of the units (±93%) in original or partially ugraded condition, the Portfolio offers investors the opportunity to execute a tried-and-tested renovation plan and capture the significant upside that remains. The nine units that have been renovated have received new countertops, vinyl flooring, upgraded bathrooms, and stainless-steel appliances.
Rose Apartments and The Meridian boast a “Very Walkable” Walk Score of 76, and offers tenants unparalleled access to world-class shopping, dining, entertainment, and employment destinations without the need of a car.
Built in 1972, the properties are centrally located in the coveted Palms neighborhood within the Greater Culver City submarket. With the vast majority of the units (±93%) in original or partially ugraded condition, the Portfolio offers investors the opportunity to execute a tried-and-tested renovation plan and capture the significant upside that remains. The nine units that have been renovated have received new countertops, vinyl flooring, upgraded bathrooms, and stainless-steel appliances.
Rose Apartments and The Meridian boast a “Very Walkable” Walk Score of 76, and offers tenants unparalleled access to world-class shopping, dining, entertainment, and employment destinations without the need of a car.
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 179,148 SF |
| Total Land Area | 2.38 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Rose Apartments
10853 Rose Ave, Los Angeles, CA 90034 |
Multifamily | 131,307 SF | 1972 | - |
|
Meridian Apartments
3516 Sawtelle Blvd, Los Angeles, CA 90066 |
Multifamily | 47,841 SF | 1972 | - |
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