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Property description
10883 Rose Ave is NOT SUBJECT TO LA CITY RENT CONTROL and is entirely comprised of bright and spacious 2-bdrm. and 2-bath units in the heart of Palms, a rapidly developing Westside neighborhood home to many college graduates and high-income young professionals. The property is 2 blocks north of Overland Ave. and Palms Blvd, and is minutes from downtown Culver City, Sawtelle, UCLA, the 10 Fwy, and the 405 Freeway. Please note, Palms is home to a strong demographic of renters, with half of Palms residents are between the ages of 18-34, graduated from a 4-year institution, and have a household income of approx. $98, 477 (demographic stats provided by Niche.com). Built in 2000, the property features (10) 2-bdrm. and 2-bath units that are not subject to LA city rent control. Each bright and spacious unit averages approx. 1, 100 SF and has a gas fireplace and central A/C. Several interiors include wood laminate flooring, stainless steel appliances, quartz/granite countertops and recessed lights. Property amenities include a gated parking garage with 20 spaces, a community laundry room, and controlled access. 10883 Rose is a value-add opportunity with approx. 20% rental upside, and will stabilize at 5.67% CAP and 12.34 GRM with projected market rents.
For more details:
Listed by: Kenny Stevens
For more details:
Listed by: Kenny Stevens