10883 Rose Avenue
Los Angeles, CA 90034
11016 sqft | 20 beds | 0.18 acres | #24430215
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.
Interior Details
- Bedrooms20
Property Details
- Stories3
Measurements
- Acres0.184
- Square Feet11016
Parking
- Parking Spaces20
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2000
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$5,149,000
Other
- MLS #24430215
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kenny Stevens (#CLW-X90606)
Listing Office: Compass (#CLW-X81461)
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