10883 Rose Avenue

Los Angeles, CA 90034

PRICE REDUCED

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-$349,000 (-6.78%)

$4,800,000

List Price

20

bed Beds

20

shower Baths

11,016 sqft

straighten / sqft

2000

calendar_month Built

Property 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.

Listing Information

List Price $4,800,000
Status Active Under Contract
MLS 24430215
Type Residential Income
Year Built 2000
Lot Size 8,015
Structure Size 11,016
DOM 69
Courtesy Of Compass
Listing Agent Kenny Stevens DRE#01090251

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 20
Fireplace Information
Features Living Room
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Kenny Stevens, Compass 310-968-7005. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 28th, 2024 at 10:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.