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5026 Rosewood Ave, Los Angeles, CA 90004
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5026 Rosewood Ave Los Angeles, CA 90004

$11,950,000
  • 50 Beds
  • 45 Baths
  • 31,506 Sq.Ft.
For Sale
$11,950,000 Get Pre-Qualified
Map preview of 5026 Rosewood Ave, Los Angeles, CA 90004

Property Overview: 5026 Rosewood Ave Los Angeles, CA has 50 bedrooms, 45 bathrooms, 31,506 living square feet and 13,482 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: We are is proud to present this newer construction 22-unit multifamily property located at 5026 Rosewood Ave, Los Angeles, CA 90004. Built in 2017, the property is 100% non-rent controlled. This 31,506 square foot property sits on a large 0.31-acre lot, and it boasts an excellent unit mix of (16) 2 bed units and (6) 3 bed units. The units are very large with the average unit being about 1,400 square feet.All units come with a full suite of new stainless-steel appliances, central HVAC system with NEST thermostat, a private balcony, and an in-unit washer & dryer. The very secured and gated property has a subterranean parking lot operating by an automatic gate with ample parking and bicycle storage, and the tenants also have convenient access to an elevator serving all four floors.At $379 per square foot, this offering is priced below replacement cost, and it offers the buyer an estimated 16% upside potential on current rental income. Hancock Park is a distinguished and affluent neighborhood located in central Los Angeles, celebrated for its picturesque tree-lined streets and historic charm. This prime location offers a serene residential atmosphere while maintaining convenient access to the vibrant cultural and culinary offerings of nearby Hollywood and Downtown Los Angeles. With the prestigious Wilshire Country Club and the Los Angeles Tennis Club within its boundaries, Hancock Park is a highly desirable area for upscale living. This new 22-unit apartment building represents a unique investment opportunity in one of the city's most sought-after communities, perfect for discerning residents seeking both luxury and accessibility in the heart of Los Angeles.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Co-listed by Glen Scher | BRE #01962976 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
13,482
HOA Dues
$0/mo
Year built
2017
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24381943
City
Los Angeles
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 22
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,097
  • Total Rent: $1,097
  • Pro Forma/Market Rent: $3,915
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,567
  • Total Rent: $10,700
  • Pro Forma/Market Rent: $11,850
Unit Breakdown 3
  • # of Units: 15
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,135
  • Total Rent: $47,025
  • Pro Forma/Market Rent: $51,000
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,975
  • Total Rent: $7,950
  • Pro Forma/Market Rent: $8,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $987
  • Total Rent: $987
  • Pro Forma/Market Rent: $3,052
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.55%
  • Gross Rent Multiplier: 14.7
  • Gross Scheduled Income: --
  • Net Operating Income: $543,741
  • Gross Operating Income: $788,741
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 5026 Rosewood Ave

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Property Details for 5026 Rosewood 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
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 40
  • Has Parking
  • Parking Features: Covered, Gated
Property Information
  • Total # of Units: 22
  • Parcel Number: 5522021027
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Wilton & Rosewood
View more facts & features

Local Los Angeles Agent

Sale History for 5026 Rosewood Ave

Last leased for $2,850 on July 10th, 2017

  • April, 2024

  • Apr 18, 2024

    Date

    Active

    CRMLS: 24381943

    $11,995,000

    Price

  • July, 2017

  • Jul 26, 2017

    Date

    Leased

    CRMLS: 17237118

    $3,150

    Price

  • Jul 26, 2017

    Date

    Pending

    CRMLS: 17237118

    $3,150

    Price

  • Jun 2, 2017

    Date

    Active

    CRMLS: 17237118

    $3,150

    Price

  • Listing provided courtesy of CRMLS

    Brand new building built in 2017. Out of 22 units only 1 unit left. 2 Bedrooms + 2 Bathroom , 1,300 sf, top floor corner unit. Professionally designed 5 story apartment invites comfort and modern elegance. This stylish units consist Dishwasher, Refrig, Washer & Dryer, Microwave Oven, Stove, Canyon Grey Sound Buster Floors, Walk-in & Mirror closets, and many more. The building is next door to Hancock Park, a affluent architecturally designed residential neighborhood and situated HOLLYWOOD to the north, LARCHMONT & Beverly Hills to the west, Mid-Wilshire to the South, LA Downtown to the East. It's also 10 minutes distance to TCL Chinese Theatre, Paramount Studios, Wilson & Harding Golf Courses, etc.

  • July, 2017

  • Jul 22, 2017

    Date

    Leased

    CRMLS: 17245596

    $3,150

    Price

  • Jul 12, 2017

    Date

    Pending

    CRMLS: 17245596

    $3,150

    Price

  • Jul 4, 2017

    Date

    Active

    CRMLS: 17245596

    $3,150

    Price

  • Listing provided courtesy of CRMLS

    Brand new building built in 2017. Out of 22 units only 3 units left. All 2 Bedrooms from 1,115 sf ~ 1,300 sf. Professionally designed 5 story apartment invites comfort and modern elegance. This stylish units consist Dishwasher, Refrig, Washer & Dryer, Microwave Oven, Stove, Canyon Grey Sound Buster Floors, Walk-in & Mirror closets, and many more. The building is next door to Hancock Park, a affluent architecturally designed residential neighborhood and situated HOLLYWOOD to the north, LARCHMONT & Beverly Hills to the west, Mid-Wilshire to the South, LA Downtown to the East. It's also 10 minutes distance to TCL Chinese Theatre, Paramount Studios, Wilson & Harding Golf Courses, etc.

  • July, 2017

  • Jul 12, 2017

    Date

    Pending

    CRMLS: 17249642

    $2,850

    Price

  • Jul 10, 2017

    Date

    Active

    CRMLS: 17249642

    $2,850

    Price

  • Listing provided courtesy of CRMLS

    New construction Apt built in 2017. Enjoy convenience of living in upscale living environment adjacent to Hancock Park area. Prime location close to restaurants & entertainments, LA downtown, Grove and Beverly Center, Sunday Farmer's Market, Paramount Studios, Griffith Observatory & Hiking Courses, TCL Chinese Theatre, Wilson & Harding Golf Courses, Universal Studio etc.. Walking distance to Parks. This immaculate BRAND NEW, professionally-designed 5-story apartment with invites comfort, and exudes modern elegance. The stylish apartment is approximately 1,300 sqft with 2 bedrooms, 2 baths, generous living space and classy finishes, you'll enjoy a perfect setting for relaxing and entertaining. Beautiful Canyon Grey Sound Buster floors throughout the rest of the apartment and plenty of natural night flow throughout the unit's open, airy layout. ** Washer & Dryer, Refrig. are provided** Bike racks in garage and many more....

  • July, 2014

  • Jul 7, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2013

  • Jul 23, 2013

    Date

    Sold (Public Records)

    Public Records

    $838,000

    Price

Show More

Tax History for 5026 Rosewood Ave

Assessed Value (2020): $9,535,163
Year Land Value Improved Value Assessed Value
2020 $2,091,279 $7,443,884 $9,535,163

Home Value Compared to the Market

This property vs the competition

5026 Rosewood Ave is listed 875.51% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $379.29 per/sqft which puts the price per square foot 51% lower than the median price per square foot for the city of Los Angeles.

About 5026 Rosewood Ave

Detailed summary of property

5026 Rosewood Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers 50 bedrooms, 45 bathrooms, roughly 31,506 living square feet, and sits on an approximately 13,482 square foot lot. 5026 Rosewood Ave was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $11,950,000 and was originally asking $11,995,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 875.51% higher than the median priced home. Local competing homes currently for sale include 2611 E Broadway, 283 Avocado St and 887 W 15th St. While the average home in Los Angeles, CA is selling in 96 days, 5026 Rosewood Ave has a days on market of 15 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 5026 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 5026 Rosewood Ave

Public county record property details
Beds
--
Baths
--
Year built
2016
Sq. Ft.
31,506
Lot Size
13,478
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19,20
APN
5522-021-027

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
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

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Recently Sold Homes Near 5026 Rosewood Ave

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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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