4114 Rosewood Avenue

Los Angeles, CA 90004

$4,800,000
Last Sold Price
19
Beds
18
Baths
12,917 Sq. Ft.
$372 / Sq. Ft.
12,917
Sq. Ft.
$372
per Sq. Ft.

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...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.
  1. Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4114 Rosewood Avenue

Zoning
LAR4
Parcel Number
5520017022
Total Units
18.0
Living Area
12917
Source Living Area
Assessor
Area
Mid-Wilshire (C17)
Vacancy Rate
0%
Lot Size Area
14852

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By Marcus & Millichap, Neema Ahadian, DRE #01346750

Add your commute
LISTING UPDATED: 05/05/2023 09:43 AM

Property Details for 4114 Rosewood Avenue

StatusSold
MLS #19-536954
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.34 AC / 14,852 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Sold By Marcus & Millichap, Neema Ahadian, DRE #01346750

Add your commute

Building Information for 4114 Rosewood Avenue

Stories2Residences-Year Built1953Building Size-Lot Size0.34 AC / 14,852 SF

Payment Calculator

$31,415 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,196

Property Taxes

$5,219

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4114 Rosewood Avenue

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $351,225
  • Net Operating Income: $228,108.00
  • Gross Income: $362,088
  • Cap Rate: 4.70%
  • Gross Rent Multiplier: $13.39
  • Actual Annual Gross Rent: $354,873.00
  • Actual Gross Annual Income: $30,174
  • Actual Rent Total: $29,573.00
  • Total Annual Expense: 123117
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 14852
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 14
  • Open Other Spaces Total: 14
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-13-2019
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,558.00
  • Unit Actual Rent: $24,935.00
  • Unit Projected Rent: $26,960.00
  • Like Units: 16
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,319.00
  • Unit Actual Rent: $4,638.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Tax Rate: 1.17%
  • Tax Rate Year: 2019

Property History for 4114 Rosewood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4114 Rosewood Avenue

Taxable ValueLand$4,047,036Additions$999,598Total$5,046,634
Tax Record2023$62,632 ($5,219 / month)
Home Facts
Total Finished SqFt12,917 SqFtAbove Grade Finished SqFt12,917 SqFtLot Size14,852 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAR4CountyLOS ANGELESAPN5520-017-022

Schools near 4114 Rosewood Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Marcus & Millichap, Neema Ahadian, DRE #01346750

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.