4160 Rosewood Ave - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$3,650,000 USD
424-653-1854
4160 Rosewood Ave, Los Angeles, CA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/16
null | 7.08% Cap Rate

4160 Rosewood Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Attractive basis at approximately $117,000 per unit and $204 per square foot
  • Strong in-place cash flow with a 7.08% going-in cap rate, 7.77 current GRM & approx. 30% upside in rental income
  • Massive basement space with exterior access and an existing bathroom, presenting a compelling ADU conversion opportunity (buyer to verify)
  • Separately metered for gas and electricity
  • Convenient access to Hollywood, Koreatown, Silver Lake, and Los Feliz
  • This Property is being offered concurrently with 672 N Kenmore Ave, 815 Green Ave, and 1408 S Wilton Pl (99 units in total)

OVERVIEW

Kidder Mathews, as exclusive listing agent, is pleased to present 4160 Rosewood Avenue, a 31-unit apartment community located in a desirable East Hollywood neighborhood, offered for sale for the first time in over 30 years. THE ASSET 4160 Rosewood Ave is a 31-unit apartment community providing investors with an attractive combination of strong in-place cash flow and future value-add potential. The Property is offered at an attractive basis of approximately $117,000 per unit and $204 per SF while delivering an impressive 7.08% going-in cap rate and 7.77 current GRM. The Property offers a secure living environment for residents, featuring gated entry with a call-panel access system, surveillance cameras, mature landscaping, and on-site parking. Additional building amenities and infrastructure include separate gas and electric metering, helping to minimize owner-paid utility expenses. A significant value-add opportunity exists within the Property's massive basement area, which features exterior access and an existing bathroom. This space may present a compelling opportunity for future ADU conversion, subject to buyer investigation and municipal approvals. Additional ADU development potential may also exist within the current parking configuration. With approximately 30% upside in rental income achievable through unit turnover and interior renovations, 4160 Rosewood Ave presents investors with a rare opportunity to acquire a well-located asset offering both immediate cash flow and long-term value creation potential. THE NEIGHBORHOOD 4160 Rosewood Ave is ideally located in East Hollywood, one of Los Angeles' most centrally positioned and transit-oriented rental submarkets. Residents enjoy convenient access to Hollywood, Koreatown, Silver Lake, Los Feliz, and Downtown Los Angeles, placing the Property near many of the city's premier employment, dining, entertainment, and cultural destinations. The Property is within walking distance of the Braille Institute Los Angeles Campus and Headquarters, Los Angeles City College, and the Vermont/Beverly Metro B Line Station, just a nine-minute walk away, providing direct rail access to Downtown Los Angeles, Hollywood, North Hollywood, and beyond. The neighborhood also benefits from excellent connectivity via major transportation corridors, along with an extensive selection of neighborhood-serving retail, restaurants, cafés, and entertainment venues. East Hollywood's central location, transit accessibility, relative affordability, and proximity to major lifestyle and employment centers continue to attract a diverse tenant base. Supported by strong surrounding fundamentals and consistent housing demand, the neighborhood remains one of Los Angeles' most compelling multifamily investment markets.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

31

PRICE/UNIT

$117,742

CAP RATE

7.08%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,888 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5520-017-013

ASK ABOUT THIS PROPERTY

Darin BeebowerKidder MathewsMore Info
424-653-1854

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Darin BeebowerKidder MathewsMore Info
424-653-1854

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