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Listed by James Vanian • Luxury Collective
$ 3,785,000
Est. payment | /mo
15,208 SqFt
$ 3,785,000
Est. payment | /mo
15,208 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 15,208 sqft
Price per Sqft $248
MLS Listing ID CRSR25119400
HOA Y/N No
Year Built 1959
Lot Size 0.331 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
IKON Properties LA is proud to present 4955 Rosewood Ave—first time on the market—a well-maintained, two-story 18-unit multifamily property located in the highly desirable East Hollywood neighborhood of Los Angeles. Surrounded by some of the city's most dynamic and high-demand rental markets, the property offers proximity to Larchmont Village, Hollywood, Silver Lake, Koreatown, and Hancock Park. Built in 1959, the property offers 15,208 building square footage on a 14,345 square foot lot. The unit mix includes sixteen 1-bedroom/1-bath units, two 2-bedroom and 1 and a half bath units, providing a strong foundation for value-add potential. The building features assigned parking, a completed seismic retrofit, and roof improvements completed in November 2023, which included the replacement of two sections. This asset presents a rare investment opportunity with substantial upside. Due to long-term ownership, current rents are estimated to be approximately 80% below market, offering investors the opportunity to increase income by updating units and aligning rents with current market rates. Additionally, the price per unit and per square foot is below the neighborhood average, enhancing the overall value. With targeted renovations and rental repositioning, investors can unlock stron
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Window Unit(s)
Fireplace No
Building
Water Public
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