
Closed Listing
(10) 2-Bdrm. & 2-Bath Units w/ No LA Rent Control
10883 rose ave
sold in
Palms
Sold At
$
4,650,000
10
Number of Units
2000
Year Built
11,016
SF
Square Footage
11,016
SF
Lot Size
LAR3
Zoning
10883 Rose Ave, Los Angeles, CA 90034
About the Property
10883 Rose Ave is NOT SUBJECT TO LA CITY RENT CONTROL and is in the heart of Palms, a rapidly developing Westside neighborhood home to many college graduates and high-income young professionals. 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. This allows for an annual rent increase of 5% + CPI, currently 8.8% (AB-1482). 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. Property amenities include a gated parking garage with 20 spaces, a community laundry room, and controlled access. View our other Westside active listings here.
10
Number of Units
2000
Year Built
11,016
SF
Square Footage
11,016
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$465,000
Price p/ Sq. ft.
$422
Proforma Cap Rate
5.27%




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