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$ 8,968,750
Est. payment | /mo
16,314 SqFt
$ 8,968,750
Est. payment | /mo
16,314 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,314 sqft
Price per Sqft $549
MLS Listing ID CL25569665
HOA Y/N No
Year Built 1962
Lot Size 0.333 Acres
Acres 0.33
Property Sub-Type Other
Property Description
The Alex is a meticulously renovated 16-unit multifamily property located at 4938 Rosewood Avenue in the thriving Northeast Los Angeles market. This fully upgraded asset blends modern design with functional layouts, offering residents spacious interiors, contemporary finishes, and enhanced amenities. Positioned in a neighborhood known for its strong rental demand and cultural vibrancy, The Alex provides investors with immediate stable cash flow at a 4.5% cap rate, along with meaningful upside through continued rent growth and operational efficiencies. With a proven track record of high occupancy and tenant satisfaction, this turnkey property is an exceptional opportunity for investors seeking durable income and long-term value in a dynamic submarket.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5522020025
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Douglas Steinriede • Dover Management Corp.
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447