4114 Rosewood Avenue
4114 Rosewood Avenue
$4,800,000
19
18
12,917
12,917
$372
Sold 2/14/20
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.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 4114 Rosewood Avenue
Zoning
LAR4
Parcel Number5520017022
Total Units18.0
Living Area12917
Source Living AreaAssessor
AreaMid-Wilshire (C17)
Vacancy Rate0%
Lot Size Area14852
Location
LISTING UPDATED: 05/05/2023 09:43 AM
Property Details for 4114 Rosewood Avenue
Status | Sold |
---|---|
MLS # | 19-536954 |
Days on Market | 64 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1953 |
Lot Size | 0.34 AC / 14,852 SF |
County | Los Angeles County |
Location
Building Information for 4114 Rosewood Avenue
Stories2Residences-Year Built1953Building Size-Lot Size0.34 AC / 14,852 SF
Payment Calculator
$31,415 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4114 Rosewood Avenue
Property History for 4114 Rosewood Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
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.
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