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**$349,000 Price Reduction - 13.25 GRM on current rents ** 10883 Rose Ave is not subject to City of LA rent control, and is entirely comprised of bright and spacious 2-bdrm. and 2-bath units in the heart of Palms. 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. 10883 Rose is offered at 13.25 GRM on current rents with approx. 16% rental upside, and will stabilize at 6.16% CAP and 11.41 GRM with projected market rents. Property amenities include a gated parking garage with 20 spaces, a community laundry room, and controlled access.
Last Updated | 9/13/2024 | Year Built | 2000 |
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Community | Palms - Mar Vista | Garage Spaces | 20.0 |
County | Los Angeles |
Price History
Prior to Sep 13, '24 | $5,149,000 |
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Sep 13, '24 - Today | $4,800,000 |
Additional Details
AIR | Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Dishwasher, Disposal, Refrigerator |
AREA | Palms - Mar Vista |
FIREPLACE | Yes |
GARAGE | Garage, Yes |
HEAT | Central |
LOT | 8015 sq ft |
LOT DIMENSIONS | 70x110 |
PARKING | Garage |
STORIES | 3 |
VIEW DESCRIPTION | None |
ZONING | LAR3 |
Location
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