5026 Rosewood Avenue

Los Angeles, CA 90004

$11,950,000
Price
50
Beds
45
Baths
31,506 Sq. Ft.
$379 / Sq. Ft.
31,506
Sq. Ft.
$379
per Sq. Ft.

Description

We are is proud to present this newer construction 22-unit multifamily property located at 5026 Rosewood Ave, Los Angeles, CA 90004. Built in 2017, the property is 100% non-rent controlled. This 31,506 square foot property sits on a large 0.31-acre lot, and it boasts an excellent unit mix of (16) 2 bed units and (6) 3 bed units. The units are very large with the average unit being about 1,400 square feet. All units come with a full suite of new stainless-steel appliances, central HVAC system with...We are is proud to present this newer construction 22-unit multifamily property located at 5026 Rosewood Ave, Los Angeles, CA 90004. Built in 2017, the property is 100% non-rent controlled. This 31,506 square foot property sits on a large 0.31-acre lot, and it boasts an excellent unit mix of (16) 2 bed units and (6) 3 bed units. The units are very large with the average unit being about 1,400 square feet. All units come with a full suite of new stainless-steel appliances, central HVAC system with NEST thermostat, a private balcony, and an in-unit washer & dryer. The very secured and gated property has a subterranean parking lot operating by an automatic gate with ample parking and bicycle storage, and the tenants also have convenient access to an elevator serving all four floors. At $379 per square foot, this offering is priced below replacement cost, and it offers the buyer an estimated 16% upside potential on current rental income. Hancock Park is a distinguished and affluent neighborhood located in central Los Angeles, celebrated for its picturesque tree-lined streets and historic charm. This prime location offers a serene residential atmosphere while maintaining convenient access to the vibrant cultural and culinary offerings of nearby Hollywood and Downtown Los Angeles. With the prestigious Wilshire Country Club and the Los Angeles Tennis Club within its boundaries, Hancock Park is a highly desirable area for upscale living. This new 22-unit apartment building represents a unique investment opportunity in one of the city's most sought-after communities, perfect for discerning residents seeking both luxury and accessibility in the heart of Los Angeles.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 5026 Rosewood Avenue

Zoning
LAR3
Parcel Number
5522021027
Total Units
22.0
Living Area
31506
Source Living Area
Vendor Enhanced
Area
Hancock Park-Wilshire
Vacancy Rate
3%
Lot Size Area
13482

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 04/26/2024 12:01 AM

Property Details for 5026 Rosewood Avenue

StatusActive
MLS #24-381943
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2017
Lot Size0.31 AC / 13,482 SF
CountyLos Angeles County

Building

Rosewood Resort

5 StoriesBuilt in 2017

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 5026 Rosewood Avenue

Stories5Residences-Year Built2017Building Size-Lot Size0.31 AC / 13,482 SF

Payment Calculator

$75,512 per month

30 year fixed, 7.25% Interest

Principal and Interest

$65,216

Property Taxes

$10,296

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5026 Rosewood Avenue

Community / Development
Community / Development
  • Number Of Units: 22
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $788,741
  • Net Operating Income: $543,741.00
  • Gross Income: $813,135
  • Cap Rate: 4.55%
  • Gross Rent Multiplier: $14.70
  • Total Annual Expense: 251632
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3095
  • Lot Size Square Feet: 13482
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 40
  • Covered Parking: 40
  • Parking Features: Covered, Gated
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven, Refrigerator, Microwave, Dishwasher, Elevator, Washer, Dryer, Other
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-18-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $987.00
  • Unit Actual Rent: $987.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,135.00
  • Unit Actual Rent: $47,025.00
  • Unit Projected Rent: $51,000.00
  • Like Units: 15
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,097.00
  • Unit Actual Rent: $1,097.00
  • Unit Projected Rent: $3,915.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,567.00
  • Unit Actual Rent: $10,700.00
  • Unit Projected Rent: $11,850.00
  • Like Units: 3
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,975.00
  • Unit Actual Rent: $7,950.00
  • Unit Projected Rent: $8,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $7,824,850.00
  • Assessed Improvement Percent: 78.07
  • Assessed Land Value: $2,198,306.00
  • Assessed Land Percent: 21.93
  • Assessed Total Value: $10,023,156.00

Property History for 5026 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 5026 Rosewood Avenue

Taxable ValueLand$2,198,306Additions$7,824,850Total$10,023,156
Tax Record2023$123,552 ($10,296 / month)
Home Facts
Total Finished SqFt31,506 SqFtAbove Grade Finished SqFt31,506 SqFtLot Size13,478 SqFtStyleMulti-Family Res (5+ Units)Year Built2016ZoningLAR3CountyLOS ANGELESAPN5522-021-027

Schools near 5026 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 - 7 to 12
Rating
School
Distance
Van Ness Avenue Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 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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5026 Rosewood Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on April 18, 2024 by Marcus & Millichap, it's currently listed at $11,950,000. It has been on the market for a total of 15 days and was last sold on March 29, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Ness Avenue Elementary School, Joseph Le Conte Middle School and Fairfax Senior High School. 5026 Rosewood Avenue is a 50-bed, 45-bath, 31,506 sqft multi-family home built in 2017.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

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.