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222 Roselake Ave, Los Angeles, CA 90026
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222 Roselake Ave Los Angeles, CA 90026

$1,400,000 Sold Price as of 08/10/2023
  • 11 Beds
  • 10 Baths
  • 4,716 Sq.Ft.
Sold
$1,400,000 Sold Price as of 08/10/2023 Refinance Your Mortgage
Map preview of 222 Roselake Ave, Los Angeles, CA 90026

Property Overview: 222 Roselake Ave Los Angeles, CA has 11 bedrooms, 10 bathrooms, 4,716 living square feet and 4,423 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Anna Kampling | BRE #01980581 | Colliers International Greater Los Angel
Last checked: 6 minutes ago | Last updated: August 10th, 2023 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft
4,423
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23275101
City
Los Angeles
County
Los Angeles
Time on Site
472 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,245
  • Total Rent: $1,245
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,561
  • Total Rent: $4,683
  • Pro Forma/Market Rent: $5,850
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,141
  • Total Rent: $6,844
  • Pro Forma/Market Rent: $10,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.07%
  • Gross Rent Multiplier: 11.26
  • Gross Scheduled Income: --
  • Net Operating Income: $87,501
  • Gross Operating Income: $148,656
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 222 Roselake Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Driveway, Covered
Property Information
  • Total # of Units: 10
  • Parcel Number: 5157018049
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Take US-101 N to CA-2 S/N Alvarado St. Take exit 4B from US-101 N. Turn left on Alvorado, then right on Temple, then another left to get to Roselake.
View more facts & features

Local Los Angeles Agent

Sale History for 222 Roselake Ave

Last sold for $1,400,000 on August 10th, 2023

  • August, 2023

  • Aug 10, 2023

    Date

    Sold

    CRMLS: 23275101

    $1,400,000

    Price

  • Mar 23, 2023

    Date

    Active

    CRMLS: 23275101

    $1,725,000

    Price

  • September, 2021

  • Sep 15, 2021

    Date

    Expired

    CRMLS: 21761384

    $2,500,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: 21761384

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    222 Roselake Avenue is a 10-unit, two story complex built on the corner of W. Court St. & Roselake Ave. just south of Temple and west of Alvarado St. between Echo Park and Rampart Village. There are 8 parking spaces. The area is red hot and improving with new construction underway across the street. The building was originally built in 1965 and is separately metered for both gas and electric. Tenants also pay for trash. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

  • July, 2006

  • Jul 13, 2006

    Date

    Sold (Public Records)

    Public Records

    $890,000

    Price

  • October, 2004

  • Oct 25, 2004

    Date

    Sold (Public Records)

    Public Records

    $690,000

    Price

Show More

Tax History for 222 Roselake Ave

Assessed Value (2020): $1,091,219
Year Land Value Improved Value Assessed Value
2020 $735,035 $356,184 $1,091,219

Home Value Compared to the Market

This property vs the competition

222 Roselake Ave sold on August 10, 2023 for 51.34% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $359.41 per/sqft which puts the price per square foot 50.36% lower than the current median sale per square foot for the city of Los Angeles.

About 222 Roselake Ave

Detailed summary of property

222 Roselake Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 11 bedrooms, 10 bathrooms, roughly 4,716 living square feet, and sits on an approximately 4,423 square foot lot. 222 Roselake Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,400,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 51.34% higher than the current median priced home. Local homes that are currently for sale include 2969 London St, 146 N Vendome St and 342 N Dillon St. While the average home in Los Angeles, CA is selling in 106 days, 222 Roselake Ave has a days on market of 82 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 222 Roselake Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 222 Roselake Ave

Public county record property details
Beds
5
Baths
10
Year built
1965
Sq. Ft.
4,716
Lot Size
4,422
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5157-018-049

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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