• Broker Michael Moore 3104912019
  • Broker Dean Zander 8186012055
  • Broker Christopher Benton 3104076564
  • Broker Anthony Muhlstein 3104076560
  • Broker Gabe Munson 2066049750

The Meridian and Rose Apartments 2 Multifamily Properties in Los Angeles, CA

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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.

ATTACHMENTS

RoseMeridian_Flyer_v10
Confidentiality Agreement - Rose & Meridian

PROPERTY FACTS

Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 115,837 SF
Total Land Area 2.38 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Rose Luxury Apartments
10853 Rose Ave, Los Angeles, CA 90034 		Multifamily 67,996 SF 1972 -
Meridian Apartments
3516 Sawtelle Blvd, Los Angeles, CA 90066 		Multifamily 47,841 SF 1972 -
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