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Ryan Shimp

[email protected] +1(818) 314-8606

$ 4,800,000

Est. payment -/mo

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Price Dropped by $349K

10883 Rose AVE Los Angeles, CA 90034

20 Beds

20 Baths

11,016 SqFt

UPDATED:

09/30/2024 06:14 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,016 sqft

Price per Sqft $435

MLS Listing ID 24430215

Bedrooms 20

HOA Y/N No

Year Built 2000

Lot Size 8,015 Sqft

Acres 0.184

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 C13 - Palms - Mar Vista

Zoning LAR3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Disposal, Refrigerator

Laundry Common Area

Exterior

Garage Garage

Garage Spaces 20.0

Garage Description 20.0

Community Features Gated

View Y/N No

View None

Parking Type Garage

Total Parking Spaces 20

Building

Faces South

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4254017004

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

Listed by Kenny Stevens • Compass

Ryan Shimp

Private Office Advisor | License ID: 01864245

+1(818) 314-8606

Ryan Shimp

10883 Rose AVE Los Angeles, CA 90034

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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10883 Rose AVE