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$ 3,875,000
Est. payment | /mo
0.33 Acres Lot
$ 3,875,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25119400
HOA Y/N No
Year Built 1959
Lot Size 0.331 Acres
Property Sub-Type Multi Family
Property Description
IKON Properties LA is proud to present 4955 Rosewood Ave—first time on the market—a well-maintained, two-story 18-unit multifamily property located in the highly desirable East Hollywood neighborhood of Los Angeles. Surrounded by some of the city's most dynamic and high-demand rental markets, the property offers proximity to Larchmont Village, Hollywood, Silver Lake, Koreatown, and Hancock Park. Built in 1959, the property offers 15,208 building square footage on a 14,345 square foot lot. The unit mix includes sixteen 1-bedroom/1-bath units, two 2-bedroom and 1 and a half bath units, providing a strong foundation for value-add potential. The building features assigned parking, a completed seismic retrofit, and roof improvements completed in November 2023, which included the replacement of two sections. This asset presents a rare investment opportunity with substantial upside. Due to long-term ownership, current rents are estimated to be approximately 80% below market, offering investors the opportunity to increase income by updating units and aligning rents with current market rates. Additionally, the price per unit and per square foot is below the neighborhood average, enhancing the overall value. With targeted renovations and rental repositioning, investors can unlock strong returns in a high-demand location. The property's close proximity to Larchmont Village and other amenities—including restaurants, entertainment, fitness centers, and retail—makes it highly attractive to tenants. It also provides excellent access to major employment hubs such as Hollywood, Downtown LA, Wilshire Center, Beverly Hills, and West Hollywood, with convenient transportation options nearby. As surrounding neighborhoods continue to grow and develop, 4955 Rosewood Ave offers a compelling opportunity for both immediate income growth and long-term appreciation—ideal for investors seeking value, stability, and future upside.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Interior
Heating Central
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 5522017030
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by James Vanian • Luxury Collective • 818-262-6065
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"REAL" Barkley-Romero
Founder of REALgratitude™ | DRE# SA695240000 | DRE# 02100184