4938 Rosewood Ave | Los Angeles, CA 90004
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- LoopNet Team
4938 Rosewood Ave
Los Angeles, CA 90004
The Alex · Build-to-Rent Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- The Alex is a 100% occupied, 16-unit apartment building spanning 16,314 square feet among two stories.
- This 100% occupied MFR asset offers units ranging from 756 to 1,080 SF, enabling a solid future of consistent renters.
- In a premier investment neighborhood of Northeast LA, with multifamily vacancies of just 5.4% and 5-year average annual rent growth of 1.4%.
- In East Hollywood, The Alex is close to City College, LA Film School, and Southwestern Law School, catering to a prominent renter demand pool.
- Recently, the units have undergone interior updates with contemporary finishes and stainless-steel appliances.
PROPERTY FACTS
| No. Units | 16 | Property Size | 16,314 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Costar Property Class | B | Parking Allocation | 1.04/1,000 sq ft |
| Total Plot Size | 0.33 ac | ||
| Use Class | LAR3 | ||
| No. Units | 16 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.33 ac |
| Property Size | 16,314 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1962 |
| Parking Allocation | 1.04/1,000 sq ft |
| Use Class | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Ceiling Fans
- Kitchen
- Granite Countertops
- Wooden Floors
- Oven
- Range
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 4 | - | 765 |
| 2+2 | 10 | - | 1,000 - 1,075 |
| 3+2 | 2 | - | 1,080 |
PROPERTY TAXES
| Parcel Number | 5522-020-025 | Improvements Assessment | £661,216 |
| Land Assessment | £2,975,475 | Total Assessment | £3,636,691 |
PROPERTY TAXES
Parcel Number
5522-020-025
Land Assessment
£2,975,475
Improvements Assessment
£661,216
Total Assessment
£3,636,691
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