4938 Rosewood Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,314 sqft
Price per Sqft $549
MLS Listing ID 25569665
Bedrooms 28
Year Built 1962
Lot Size 0.333 Acres
Property Sub-Type Multi-Family
Property Description
The Alex is a meticulously renovated 16-unit multifamily property located at 4938 Rosewood Avenue in the thriving Northeast Los Angeles market. This fully upgraded asset blends modern design with functional layouts, offering residents spacious interiors, contemporary finishes, and enhanced amenities. Positioned in a neighborhood known for its strong rental demand and cultural vibrancy, The Alex provides investors with immediate stable cash flow at a 4.5% cap rate, along with meaningful upside through continued rent growth and operational efficiencies. With a proven track record of high occupancy and tenant satisfaction, this turnkey property is an exceptional opportunity for investors seeking durable income and long-term value in a dynamic submarket.
Location
State CA
County Los Angeles
Area Hancock Park-Wilshire
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Ceiling Fan
Equipment Ceiling Fan
Exterior
Parking Features None
Garage Spaces 17.0
Building
Story 2
Others
Special Listing Condition Standard