10883 Rose Ave is a 10-unit multifamily property in the heart of Palms, constructed in 2000 and not subject to Los Angeles City RSO. In a West LA submarket largely defined by pre-1978 inventory, assets built after 1995 remain limited. 10883 Rose Ave operates under AB-1482, allowing annual increases of 5% + CPI, a materially different framework than much of the surrounding stock.

The building sits two blocks north of Palms Blvd near Overland Ave, placing it within immediate reach of Culver City, Sawtelle, UCLA, and the broader Westside employment corridor. Access to both the 10 and 405 Freeways reinforces commuter optionality for tenants working across Los Angeles.

Modern Construction in a Pre-1978 Submarket

Palms is dense, competitive, and heavily weighted toward older construction. Much of the surrounding product was built prior to 1978. By contrast, 10883 Rose Ave was completed in 2000, reducing exposure to legacy electrical, plumbing, and structural systems common in the area.

In underwriting West LA assets, construction era matters. Systems lifespan, capital planning timelines, and regulatory structure all influence long-term performance.

Ten 2-Bed / 2-Bath Units Averaging ±1,100 SF

The property consists of (10) 2-bed / 2-bath units averaging approximately 1,100 SF. Larger two-bedroom layouts continue to perform well in Palms, particularly among roommate households and young professionals seeking Westside access without Santa Monica pricing.

Each unit includes central A/C and a gas fireplace. Several units have been upgraded with wood-laminate flooring, stainless steel appliances, stone countertops, and recessed lighting. The consistent layout and square footage create leasing predictability across the building.

20 Gated Parking Spaces | 2:1 Ratio

10883 Rose Ave includes a gated parking garage with 20 total spaces, providing a full 2:1 parking ratio. In Palms, parking remains a differentiator, particularly for larger units. Controlled-access entry and on-site laundry complete the operational footprint.

Core Palms Location With Westside Connectivity

Palms continues to attract renters working in technology, media, healthcare, and education across the Westside. Culver City offices, Sawtelle retail, and UCLA remain within minutes. The neighborhood’s density, transit access, and proximity to major employment hubs have sustained rental demand even as surrounding submarkets fluctuate.

Within that context, 10883 Rose Ave offers scale, modern construction, and regulatory flexibility in a location where most comparable inventory predates 1978.

For buyers comparing active Palms and West LA multifamily opportunities, our current listings can be viewed here.