Active

4938 Rosewood Avenue

Los Angeles, CA 90004
Mark as Favorite
Bed 30

Bed

Bath 0

Bath

SqFt16,314

Sqft

SqFt14,516

Sqft(Lot)

We are pleased to present The Alex, a 16-unit multifamily investment opportunity located at 4938 Rosewood Ave in the Larchmont neighborhood of Los Angeles, just south of Melrose Avenue between North Wilton Place and Western Avenue. The property features an ideal unit mix of four one-bedroom units(761765 SF), ten two-bedroom units (9651,075 SF), and two three-bedroom units (1,0801,083 SF). The property is fully parked with 14 tandem spaces and two single spaces (30 spaces total), and the soft-story retrofit has been completed.Ownership has extensively renovated all units, featuring hardwood flooring, modern kitchens with updated cabinetry and tile backsplashes, recessed lighting, stainless steel appliances, contemporary lighting fixtures, portable AC units, modern bathrooms, and in-unit sta cked washers and dryers. Many units also feature private patios or balconies. In addition to interior upgrades, ownership has completed significant exterior capital improvements, including faade renovations, a new intercom and camera system, electrical building rewire, and copper plumbing throughout. The property also features a common-area backyard with BBQ, turf, and seating, as well as a central courtyard with additional seating.Opportunity to acquire a turnkey asset with no deferred maintenance, offering strong in-place cash flow at a 6.30% CAP rate and 10.06 GRM on current income. Rare opportunity to acquire a sizeable, fully renovated asset in one of Los Angeles' strongest rental submarkets, supported by continued year-over-year rent growth and strong tenant demand.The property boasts a Walk Score of 91, with convenient access to retail and dining along Western Avenue and Melrose Avenue, as well as major employment hubs in Hollywood and Koreatown. The Alex is located just east of the multi-million-dollar homes of Larchmont Village and Hancock Park, creating a significant affordability gap between renting and homeownership, which continues to drive strong rental demand. The surrounding area features strong demographics, with an average household income exceeding $90,000 within a five-mile radius. The property also offers easy access to nearby neighborhoods including Los Feliz, West Hollywood, La Brea, and Downtown Los Angeles.

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Detail Ic Property Details

Property Type : Residential Income

Price : $6,150,000

AD Id : 76268109

MLS Id : 26667211

Beds : 30

Lot Size : 14,516 Sqft

Living Area Size : 16,314

Year Built : 1962

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 30

    Bathroom Information

    Total Baths: 28 Full Baths: 0 Half Baths: 0
  • Cooling Features

    None Air Conditioning

    Heating Source

    None Has Heating

  • Building Information

    Year Built: 1962 Building Area Total: 16,314

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3332 Lot Size Dimensions: 100x145
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 14516

  • Listing Price Information

    Original List Price: 6,150,000 Listing Contract Date: 2026-03-19
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5522020025

  • Garage and Parking

    Garage Description: Gated,Community Structure

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C18 - Hancock Park-Wilshire Postal Code Plus 4: 2577 Directions: Rosewood Ave & N Wilton Pl Zoning: LAR3 Source Property Type: Residential Income Area: C18 - Hancock Park-Wilshire
  • Building and Construction

    Property Age: 64 Year Built Source: Vendor Enhanced Total Square Feet Living: 16314 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
542 N Commonwealth, Los Angeles, CA, 90004 $1,675,000 3 3 2,847 2,847 SqFt
432 N Commonwealth, Los Angeles, CA, 90004 $795,000 4 2 1,432 1,432 SqFt
441 N Commonwealth Avenue, Los Angeles, CA, 90004 $850,000 1 1 1,014 1,014 SqFt
447 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 3 -- 1,798 1,798 SqFt
3812 Middlebury, Los Angeles, CA, 90004 $799,800 3 2 1,240 1,240 SqFt
449 N Virgil, Los Angeles, CA, 90004 $1,299,000 2 2 1,886 1,886 SqFt
3875 Middlebury Street, Los Angeles, CA, 90004 $699,000 2 1 667 667 SqFt
3220 W 2nd Street, Los Angeles, CA, 90004 $1,480,000 8 -- 7,985 7,985 SqFt
210 S Commonwealth Avenue, Los Angeles, CA, 90004 $3,590,000 24 -- 10,884 10,884 SqFt
124 N Westmoreland Avenue, Los Angeles, CA, 90004 $4,350,000 -- -- 17,730 17,730 SqFt

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ByOwner last updated this listing 06/23/2026 @ 01:45

MLS: 26667211 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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