4114 Rosewood Avenue, Los Angeles, CA 90004

$4,850,000
19
BD
18
BA
12,917
SqFt
List Price
$4,850,000
Status
Active
MLS#
19536954
Year Built
1953
Bedrooms
19
Bathrooms
18
Living Sq. Ft
12,917
Lot Size
14,852
Days on Market
46
Property Type
Multifamily

Property Description

Built in 1953, this 18-unit property totals 12,917 SF nestled in the middle of Koreatown and East Hollywood. The building features one-bedroom and two-bedroom units, many of which have been renovated. This offering presents an investor the opportunity to purchase a well-maintained property with stable cash flow. At the asking price, the price per unit is $269,444 with a 4.70% CAP rate and 13.39 GRM on current income. Newly renovated units include new flooring, granite counter tops and large new windows that will allow an investor to achieve pro forma rents with minimal improvements needed as units turn. The Subject property has 14 total parking spaces with no soft-story work required.The Koreatown and East Hollywood submarkets remain two of the most desirable addresses for both living and working. With over 100,000 people living within one mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continue to increase year to year.

Additional Information

Heat
Other
Cooling
Other
View

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Neema Ahadian - CA DRE#01346750

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).