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7714 Rosewood Ave, Los Angeles, CA 90036
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7714 Rosewood Ave Los Angeles, CA 90036

$3,186,000 Sold Price as of 05/03/2019
  • 8 Beds
  • 8 Baths
  • 6,054 Sq.Ft.
Sold
$3,186,000 Sold Price as of 05/03/2019 Refinance Your Mortgage
Map preview of 7714 Rosewood Ave, Los Angeles, CA 90036

Property Overview: 7714 Rosewood Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 6,054 living square feet and 7,171 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present eight units located in Prime Los Angeles. 7714 Rosewood Avenue is constructed in 1926 and consists of eight 1 bedroom / 1 bathroom units plus a vacant artist studio. Seven of the eight units have been professionally upgraded with new kitchens, bathrooms, hardwood floors, stainless steel appliances, antique lighting, in-unit washers & dryers and much more. The building itself has been upgraded with new electrical, copper plumbing, main line water service, drought resistant landscaping, common area spaces, etc. The offering is well situated two blocks south of Melrose Avenue on a corner lot across from Fairfax High School and less than a mile from premier shopping and dining in The Grove. The subject property offers a savvy investor the rare opportunity to raise rents to market in a dense rental pocket.

Listed by Filip Niculete | BRE #01905352 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 109

Home details

Lot Sq. Ft
7,171
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19420308
City
Los Angeles
County
Los Angeles
Time on Site
1214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,210
  • Total Rent: $1,210
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,266
  • Total Rent: $2,266
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,163
  • Total Rent: $2,163
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,369
  • Total Rent: $2,369
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,163
  • Total Rent: $2,163
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,266
  • Total Rent: $2,266
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,854
  • Total Rent: $1,854
  • Pro Forma/Market Rent: $2,395
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.75%
  • Gross Rent Multiplier: 16.97
  • Gross Scheduled Income: --
  • Net Operating Income: $123,461
  • Gross Operating Income: $194,190
  • Improvements Total: $1,219,087
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 7714 Rosewood Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Other
Property Information
  • Total # of Units: 8
  • Parcel Number: 5527027037
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Amenities: Other
Location / Neighborhood
Location Information
  • Directions: Rosewood & Genesse
View more facts & features

Local Los Angeles Agent

Sale History for 7714 Rosewood Ave

Last leased for $2,350 on September 12th, 2020

  • September, 2020

  • Sep 14, 2020

    Date

    Leased

    CRMLS: 20614308

    $2,350

    Price

  • Sep 2, 2020

    Date

    Price Change

    CRMLS: 20614308

    $2,375

    Price

  • Aug 5, 2020

    Date

    Active

    CRMLS: 20614308

    $2,625

    Price

  • Listing provided courtesy of CRMLS

    1920's Spanish-style building on beautiful tree-lined Rosewood Ave. All the amazing character, style and charm of the original architecture, with new designer renovation.1 bedroom-1 bathroom apartment available immediately! Unit is upstairs and front of the building (street facing). Approximately 1,000 square feet. Renovation includes stainless steel appliances (fridge, range, dishwasher). washer-dryer in unit, air conditioning, custom bathroom, custom kitchen, new hardwood floors. Walking distance to the best restaurants, shopping, and nightlife on Beverly, Melrose, La Brea, and Fairfax. Small dogs allowed. Includes 1 private parking garage.

  • May, 2019

  • May 3, 2019

    Date

    Sold

    CRMLS: 19420308

    $3,186,000

    Price

  • Apr 26, 2019

    Date

    Pending

    CRMLS: 19420308

    $3,295,000

    Price

  • Mar 13, 2019

    Date

    Price Change

    CRMLS: 19420308

    $3,295,000

    Price

  • Feb 11, 2019

    Date

    Price Change

    CRMLS: 19420308

    $3,395,000

    Price

  • Jan 7, 2019

    Date

    Active

    CRMLS: 19420308

    $3,445,000

    Price

  • May, 2019

  • May 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,186,000

    Price

  • April, 2014

  • Apr 10, 2014

    Date

    Sold (Public Records)

    Public Records

    $2,850,028

    Price

Show More

Tax History for 7714 Rosewood Ave

Assessed Value (2020): $3,249,920
Year Land Value Improved Value Assessed Value
2020 $2,433,720 $816,200 $3,249,920

Home Value Compared to the Market

This property vs the competition

7714 Rosewood Ave sold on May 3, 2019 for 176.89% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $544.27 per/sqft which puts the price per square foot 27.91% lower than the current median sale per square foot for the city of Los Angeles.

About 7714 Rosewood Ave

Detailed summary of property

7714 Rosewood Ave is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 6,054 living square feet, and sits on an approximately 7,171 square foot lot. 7714 Rosewood Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,186,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 176.89% higher than the current median priced home. Local homes that are currently for sale include 322 S Swall Dr, 1974 Hillcrest Rd and 444 N Lucerne Blvd. While the average home in Los Angeles, CA is selling in 93 days, 7714 Rosewood Ave has a days on market of 109 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 7714 Rosewood Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7714 Rosewood Ave

Public county record property details
Beds
8
Baths
8
Year built
1926
Sq. Ft.
6,054
Lot Size
7,170
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
451
APN
5527-027-037

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$881
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
53
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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(714) 706-1823

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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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