10883 Rose Avenue Los Angeles, CA 90034
**$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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID Number24430215
- Home Size Source N/A
- Year Built2000
- Lot Size0.184 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Garage
- Parking Spaces 20
- Number of Stories Three Or More3
- Acreage 0.184
- Security Card/ Code AccessGated Community
- Garage Spaces 20
- Zoning LAR3
- Listing Conditions Standard
- Direction Faces South
Interior Features
- Cooling Central Air
- Heating Central
- Appliances DishwasherDisposalRefrigerator
- Fireplace Features Living Room
- Laundry Features Community
- Fireplace Yes
Exterior Features
- View None
Community Features
- Senior Community No
- MLS Area C13 - Palms - Mar Vista
- Security Features Card/ Code AccessGated Community