4843 Rosewood Ave, Los Angeles, CA 90004
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4843 Rosewood Ave Los Angeles, CA 90004

$999,500
  • 6 Beds
  • 3 Baths
  • 1,984 Sq.Ft.
For Sale
$999,500 Get Pre-Qualified

Map preview of 4843 Rosewood Ave, Los Angeles, CA 90004

Property Overview: 4843 Rosewood Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 1,984 living square feet and 7,260 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Don't miss out on this fantastic opportunity to acquire a sizable lot near Larchmont Village! Nestled on a serene, tree-lined street, this meticulously maintained triplex exudes charm and is situated in a welcoming neighborhood. Spanning an impressive 7,258 square feet, with dimensions of 50 feet by 145 feet, this property boasts a zoning designation of TOC Tier 2 R3. It's a prime prospect for small lot developers, offering ample potential as an end product. Under Tier 2 TOC (Transit Oriented Community) guidelines, there's a significant 60% maximum increase permitted in the number of units, beyond what the zoning typically allows. In addition to its appeal for developers, there's also a tremendous opportunity for value creation by renovating the existing building and incorporating ADUs (Accessory Dwelling Units). This strategy can transform the property into a lucrative income-generating asset, offering an alternative to new construction. With the potential to maximize rental income through strategic renovations and additional units, this approach enhances the property's investment potential. Conveniently positioned near all amenities, including Larchmont Village, Paramount Studios, local grocery stores, restaurants, shopping outlets, and Melrose cafes. Plus, the proximity to the new Target development on Sunset & Western, just 4 minutes away, adds another layer of convenience.

Listed by Vinnie Park | BRE #02015848 | Keller Williams Larchmont
Last checked: 13 minutes ago | Last updated: June 21st, 2024 | Source CRMLS | DOM: 87
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Home details

Lot Sq. Ft
7,260
HOA Dues
$0/mo
Year built
1911
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24381827
City
Los Angeles
County
Los Angeles
Time on Site
87 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,456
  • Total Rent: $1,456
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4843 Rosewood Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Fire and Smoke Detection System, Carbon Monoxide Detector(s), Fire Sprinkler System
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 3
  • Parcel Number: 5522018004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Rosewood, West of Western
View more facts & features

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Sale History for 4843 Rosewood Ave

Last sold for $150,000 on November 1st, 1995
  • April, 2024

  • Apr 18, 2024

    Date

    Active

    CRMLS: 24381827

    $999,900

    Price

  • September, 2022

  • Sep 1, 2022

    Date

    Expired

    CRMLS: 22136111

    $1,499,800

    Price

  • Mar 14, 2022

    Date

    Active

    CRMLS: 22136111

    $1,499,800

    Price

  • Listing provided courtesy of CRMLS

    7,258 SF TOC TIER 2 R3 LOT TRIPLEX NEAR LARCHMONT! What a great opportunity to snatch this great-sized lot near the Larchmont Village. Perched upon a quiet tree-lined street, this beautifully maintained charming triplex is tucked away in the cozy neighborhood. Sitting on a great-sized 7,258 SF lot, 50 Ft x 140.6 Ft, zoned TOC Tier 2 R3, this one totally screams for small lot developers' attention as an ideal end product. Property is under Tier 3 TOC (Transit Oriented Community) guidelines which grant 70% maximum increase in the otherwise maximum allowed number of units permitted under the applicable zoning. Centrally located near everything! Close proximity to The Larchmont Village, Paramounts Studio, convenient to local grocers, restaurants, shopping, cafes on Melrose. New Target on Sunset & Western development which is 4 mins away is a big convenience. Sold AS-IS, Showing with an Accepted Offer only. Seller selects services.

  • November, 1995

  • Nov 1, 1995

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

  • May, 1994

  • May 18, 1994

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

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Tax History for 4843 Rosewood Ave

Assessed Value (2020): $1,037,340
Year Land Value Improved Value Assessed Value
2020 $731,340 $306,000 $1,037,340

Home Value Compared to the Market

This property vs the competition

4843 Rosewood Ave is listed 16.71% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $503.78 per/sqft which puts the price per square foot 34.83% lower than the median price per square foot for the city of Los Angeles.

About 4843 Rosewood Ave

Detailed summary of property

4843 Rosewood Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 6 bedrooms, 3 bathrooms, roughly 1,984 living square feet, and sits on an approximately 7,260 square foot lot. 4843 Rosewood Ave was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $999,500 and was originally asking $999,900. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.71% lower than the median priced home. Local competing homes currently for sale include 1126 S Mariposa Ave, 1156 Fedora St and 2733 Council St. While the average home in Los Angeles, CA is selling in 101 days, 4843 Rosewood Ave has a days on market of 87 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 4843 Rosewood Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4843 Rosewood Ave

Public county record property details
Beds
6
Baths
3
Year built
1911
Sq. Ft.
1,984
Lot Size
7,257
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
160
APN
5522-018-004

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,249,000
Median List Price/Sq.Ft.
$755
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
69
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Related Resources to 4843 Rosewood Ave

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.