222 Roselake Avenue Los Angeles, CA 90026
**10.03 GRM / 6.18% CAP In place +/- & 7.97 GRM / 8.60% CAP @ Market +/- & Three (3) RTI Adu's** We are pleased to present the opportunity to acquire The Roselake in the submarket of Historic Filipinotown (LA Market) and in close proximity to Echo Park, Hollywood, Koreatown, and DTLA. This offering includes a 10-unit multifamily building built in 1965 with a footprint of approximately 4, 716 SF, sitting on a 4, 423 SF corner lot zoned LAR4. The Roselake offers an investor a significant value-add opportunity with approximately 25.88% (+/-) of potential upside in rents spread across a desirable unit mix. Delivered with 3 RTI ADUs, the property provides strong in-place income and upside potential. Additionally, it benefits from exceptional visibility and frontage, a low cost per unit, and the possibility of leveraging the high demand for both market-rate and Section 8 tenants. This well-located multifamily property offers a rare opportunity to secure a corner lot with parking and laundry, in a high-demand rental pocket surrounded by new development and continued gentrification. The Roselake is situated in Historic Filipinotown, a diverse and vibrant neighborhood. The property is located close to Echo Park, Hollywood, Koreatown, and Downtown Los Angeles, providing easy access to cultural and commercial hotspots. Historic Filipinotown offers a mix of history and growth, making it a highly attractive area for tenants. Additionally, the property is near Echo Park Lake, numerous cafes, restaurants, and other amenities, offering a rich living experience. This neighborhood continues to experience growth due to its centrality and ongoing gentrification.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site4 Days
- MLS StatusActive
- MLS ID NumberSR24198547
- Home Size Source N/A
- Year Built1965
- Lot Size0.1015 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 7
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1015
- Water Public
- Garage Spaces 4
- Zoning LAR4
- Listing Conditions Standard
Interior Features
- Laundry Features In Carport
Exterior Features
- Pool Features None
- Lot Corner Lot
Community Features
- Community Features Curbs
- Senior Community No
- MLS Area C21 - Silver Lake - Echo Park