Situated 2 blocks north of Palms Blvd and 2 blocks west of Overland, 10883 Rose Ave is minutes from Downtown Culver City and Sawtelle Boulevard; two popular neighborhoods that are home to a wide array of highly-acclaimed restaurants, lively nightlife options and Silicon Beach tech employers. Built in 2000, this property is not subject to LA city rent control. This allows for an annual rent increase of 5% plus the Consumer Price Index, currently 10%. Each bright and spacious unit averages approx. 1,100 SF and has a gas fireplace and central A/C. A select number of interiors include wood laminate flooring, stainless steel appliances, quartz/granite countertops and recessed lights. Property amenities include a gated parking garage with 20 spaces, a community laundry room, controlled access and an entry lobby.
(10) 2+2 Units w/ No LA City Rent Control
10883 Rose Avenue, Los Angeles
Property Details
Price $5,350,000
Year Built 2000
# of Units 10
Price P/ Unit $535,000
Sq. ft. 11,016 SF
Price p/ Sq. ft. $486
Current Cap Rate 4.00%
Proforma Cap Rate 5.06%
Lot Size 8,015 SF
Zoning LAR3
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