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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About the Property

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.

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