Detail

Updated on November 1, 2018 at 6:30 pm

  • Land Area: 7,171 sq ft
  • Property Size: 6,054 sq ft
  • Price: $3,495,000
  • Year Built: 1926

Description

• 2-story, 8-unit apartment building
• 100% occupied (bonus artist studio is vacant)
• 126,945 actual net annual income (expenses estimated at 33% of $195,300 gross annual income)
• 3.6% cap rate
• All units are 1-bedroom/1-bath
• Parking: 4 surface (tandem) + 2 garage
• Frontage: 123′ on Rosewood and 58.3′ on Genesee
• 2 blocks south of Melrose Ave and 3 blocks east of Fairfax Ave
• Seven of the eight units have been professionally restored and feature recently updated hardwood floors, kitchens, bathrooms, ebony-stained cabinetry, stainless steel appliances, decorative millwork, antique lighting, doors, mouldings, private washers and dryers, vanity areas and more. The building has been upgraded with copper plumbing, new electrical, custom tile, decorative gatework, drought-resistant landscaping, main line water service, and private/common area gathering spaces.

Property Documents

  • Marketing Package for 7714 Rosewood Ave
  • Address: 7714 Rosewood Ave
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90036
  • Neighborhood: Fairfax
  • Country: United States

Contact info

Rene Mexia
Rene Mexia
213.747.4155213.446.2286

Inquire about this property

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