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IKON Properties LA is proud to present 4955 Rosewood Ave"”first time on the market"”a well-maintained, two-story 18-unit multifamily property located in the highly desirable East Hollywood neighborhood of Los Angeles. Surrounded by some of the city's most dynamic and high-demand rental markets, the property offers proximity to Larchmont Village, Hollywood, Silver Lake, Koreatown, and Hancock Park. Built in 1959, the property offers 15,208 building square footage on a 14,345 square foot lot. The unit mix includes sixteen 1-bedroom/1-bath units, two 2-bedroom and 1 and a half bath units, providing a strong foundation for value-add potential. The building features assigned parking, a completed seismic retrofit, and roof improvements completed in November 2023, which included the replacement of two sections. This asset presents a rare investment opportunity with substantial upside. Due to long-term ownership, current rents are estimated to be approximately 80% below market, offering investors the opportunity to increase income by updating units and aligning rents with current market rates. Additionally, the price per unit and per square foot is below the neighborhood average, enhancing the overall value. With targeted renovations and rental repositioning, investors can unlock strong returns in a high-demand location. The property's close proximity to Larchmont Village and other amenities"”including restaurants, entertainment, fitness centers, and retail"”makes it highly attractive to tenants. It also provides excellent access to major employment hubs such as Hollywood, Downtown LA, Wilshire Center, Beverly Hills, and West Hollywood, with convenient transportation options nearby. As surrounding neighborhoods continue to grow and develop, 4955 Rosewood Ave offers a compelling opportunity for both immediate income growth and long-term appreciation"”ideal for investors seeking value, stability, and future upside.
Property Type(s):
Commercial
| Last Updated | 5/30/2025 | Year Built | 1959 |
|---|---|---|---|
| Community | C18 - Hancock Park-Wilshire | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | C18 - Hancock Park-Wilshire |
| HEAT | Central |
| LOT | 0.3311 acre(s) |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Luxury Collective
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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