10980 Rose Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$3,300,000 USD
310-486-9900
10980 Rose Ave, Los Angeles, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/3
null | 5% Cap Rate

10980 Rose Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Prime Westside Location – Heart of Palms Neighborhood
  • Desirable Unit Mix and Large Floorplans
  • Significant Capital Improvements Completed
  • Modernized Interiors in Majority of Units
  • Strong Financial Performance with Upside Potential
  • Thriving Employment & Lifestyle Hub

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire 10980 Rose Avenue, a well-maintained 10-unit multifamily property located in the highly desirable Palms neighborhood of West Los Angeles, California. Built in 1969 and featuring approximately 9,258 square feet of rentable area on an 8,175-square-foot corner lot, the property offers an ideal mix of spacious one- and two-bedroom units, many including dens, private balconies, and in-unit amenities. Over 60% of the units have been tastefully updated with modern finishes, fireplaces, washer/dryer hookups, and large private balconies. Recent capital improvements include seismic retrofit and SB-721 compliance, secured entry, refreshed landscaping, and ample on-site parking—offering investors a low-maintenance asset in a prime Westside submarket. Situated just steps from Trader Joe’s, Whole Foods (coming soon), and numerous restaurants and shops, the property is surrounded by high-demand residential and employment nodes including Culver City, Playa Vista, and Santa Monica. With sub-3% vacancy, continued rent growth, and strong value-add upside through unit turnover, 10980 Rose Avenue presents an exceptional opportunity for investors seeking stable cash flow and long-term appreciation in one of Los Angeles’ most supply-constrained markets.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

10

PRICE/UNIT

$330,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 10-Unit Offering on the Westside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,189 SF

ZONING

LAR3

APN/PARCEL ID

4251-025-018

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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Robert NarchiMarcus & MillichapMore Info
310-486-9900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.