CA > Los Angeles
Los Angeles, CA 90034,10961 Rose AVE
Los Angeles, CA 90034,10961 Rose AVE
Los Angeles, CA 90034,10961 Rose AVE
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$2,995,000
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8,167 Sqft Lot
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10961 Rose AVE Los Angeles, CA 90034

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25107742

HOA Y/N No

Year Built 1968

Lot Size 8,167 Sqft

Property Sub-Type Apartment

Property Description

10961 Rose is located on the best street in all of Palms. Rose is a primarily residential area of Palms that does not have many apartment buildings. Quiet and beautiful, this area is the single best spot to own in the 90034 zip code. The Rose Apartments are coming to the market for the first time in over 30 years. A beautiful asset with oversized units. The units are currently rented well under market and a buyer can achieve over 57% upside on this asset just by increasing the current rents. A value-add investor may build 2 attached ADU's on the site as well to further increase the income over 100%. We are delivering the property at a very attractive 5.24% cap rate and 11.89 GRM. The property is also being delivered well under market at only $313 a foot. Some of these oversized units have large dens that can be converted to bedrooms to further increase the upside. The property has had its soft story retro fit completed and is well parked with 9 individual spaces + 3 extra tandem spaces on-site for a total of 12 parking. This is a prime asset in an A+ location of LA being delivered under market with tremendous upside!

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LAR3

Interior

Fireplace No

Laundry Inside

Exterior

Parking Features Carport

Garage Spaces 9.0

Garage Description 9.0

Pool None

Community Features Suburban

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4251020010

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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