10883 Rose Avenue

Los Angeles, CA 90034

$4,800,000
Price
20
Beds
20
Baths
11,016 Sq. Ft.
$436 / Sq. Ft.
11,016
Sq. Ft.
$436
per Sq. Ft.

Description

**$349,000 Price Reduction - 13.25 GRM on current rents ** 10883 Rose Ave is not subject to City of LA rent control, and is entirely comprised of bright and spacious 2-bdrm. and 2-bath units in the heart of Palms. 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...**$349,000 Price Reduction - 13.25 GRM on current rents ** 10883 Rose Ave is not subject to City of LA rent control, and is entirely comprised of bright and spacious 2-bdrm. and 2-bath units in the heart of Palms. 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. 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. 10883 Rose is offered at 13.25 GRM on current rents with approx. 16% rental upside, and will stabilize at 6.16% CAP and 11.41 GRM with projected market rents. Property amenities include a gated parking garage with 20 spaces, a community laundry room, and controlled access.

Listing Agents

  1. Kenny Stevens Team

    Kenny Stevens Team

    Listing Agent

    Compass

    DRE #01090251

  2. Kenny Stevens

    Kenny Stevens

    Listing Agent

    Compass

    DRE #01090251

    kenny.stevens@compass.com

    P: (310)-968-7005

Property Details for 10883 Rose Avenue

Zoning
LAR3
Cross Streets
Overland Ave. and Palms Blvd.
Parcel Number
4254017004
Total Units
10.0
Living Area
11016
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
0 Units
LISTING UPDATED: 10/28/2024 03:07 PM

Property Details for 10883 Rose Avenue

StatusActive Under Contract
MLS #24-430215
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2000
Lot Size0.18 AC / 8,015 SF
CountyLos Angeles County

Building Information for 10883 Rose Avenue

Stories3Residences-Year Built2000Building Size-Lot Size0.18 AC / 8,015 SF

Property Information for 10883 Rose Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Card/Code Access, Gated
  • Direction Faces: South
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $353,084
  • Net Operating Income: $238,616.00
  • Gross Income: $362,137
  • Cap Rate: 4.97%
  • Gross Rent Multiplier: $13.25
  • Financial Info as Of: 09/13/2024
  • Total Annual Expense: 114470
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1841
  • Lot Size Square Feet: 8015
  • Lot Size Dimensions: 70x110
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 20
  • Garage Spaces Total: 20
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Three Or More
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Wood Laminate
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Range/Oven, Hood Fan, Refrigerator
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,937.00
  • Unit Actual Rent: $30,078.00
  • Unit Projected Rent: $34,950.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106

Property History for 10883 Rose Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10883 Rose Avenue

Taxable ValueLand$1,231,423Additions$1,908,709Total$3,140,132
Tax Record2024$39,171 ($3,264 / month)
Home Facts
Total Finished SqFt11,016 SqFtAbove Grade Finished SqFt11,016 SqFtStories1Lot Size8,018 SqFtStyleMulti-Family Res (5+ Units)Year Built2000ZoningLAR3CountyLOS ANGELESAPN4254-017-004

Schools near 10883 Rose Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Clover Avenue Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Kenny Stevens Team, DRE #01090251; Compass, Kenny Stevens, DRE #01090251

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.