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$5,300,000

4500 Santa Rosalia Drive
Los Angeles, CA 90008

For Sale|Multi-Family|Active
Subdivision:
County:
Los Angeles

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4500 Santa Rosalia Drive4500 Santa Rosalia Drive4500 Santa Rosalia Drive4500 Santa Rosalia Drive
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4500 Santa Rosalia Drive is a well-maintained 23-unit asset in Los Angeles Baldwin Village neighborhood. This area has become increasingly popular to those priced out of nearby Westside markets such as Venice and Santa Monica, so much so that this area made the top 10 of Curbed LAs recent list of, Where LA Home Prices Increased the Most, with a 118 percent increase in median sale price between 2010 and 2019. The subject property is well-located in this neighborhood across the street from Hillcrest Element 4500 Santa Rosalia Drive is a well-maintained 23-unit asset in Los Angeles Baldwin Village neighborhood. This area has become increasingly popular to those priced out of nearby Westside markets such as Venice and Santa Monica, so much so that this area made the top 10 of Curbed LAs recent list of, Where LA Home Prices Increased the Most, with a 118 percent increase in median sale price between 2010 and 2019. The subject property is well-located in this neighborhood across the street from Hillcrest Elementary School. With a total building size of nearly 24,000 square feet, this 1956 construction offers spacious floorplans and a desirable mix of 11 one-bed/one-bath units, eight two-bed/one-bath units, and four two-bed/one-and-one-half-bath units. Building amenities include private balconies, on-site laundry, and parking, and a new investor could further amenitize the property by better utilizing the large shared courtyard by offering built-in barbecues and patio furniture. 4500 Santa Rosalia boasts numerous substantial recent improvements that include a complete seismic retrofit, all copper plumbing, new vinyl dual-glazed windows, and tankless water heaters. Additionally, the roof is just eight years old. This offering presents an excellent opportunity for an investor to acquire a well-maintained asset in an increasingly popular submarket and capture over 50 percent rental upside.

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Listing Snapshot
Price
$5,300,000
Days Online
53 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
0.5754 Acres
Year Built
1956
MLS Number
PW20209119
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Terms
Cash
Stories
2 Story
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Exterior Features
Water
Meter on Property
Pool
N/K
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Steven M. Bogoyevac, Broker

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2018-present San Diego MLS®.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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