Rose Avenue Multifamily Investment
For Sale
$2,995,000
10961 Rose Avenue, Los Angeles, CA 90034
Palms apartment building with significant rental upside potential.
Property SizeContact for details
Days on Market452
Property Features for 10961 Rose Avenue
General Information
Standard status
Active
Building Details
Year Built
1968
Listing Agency:
LYON STAHL INVESTMENT REAL ESTATE, INC.
Listed By:
CAMERON SAMIMI
Source:
Corcoran
Added: Jun 14, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LYON STAHL INVESTMENT REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
Located on Rose Avenue in Palms, this multifamily property offers an investment opportunity in a primarily residential area. The property features oversized units with potential for rental increases, offering over 57% upside. A value-add investor may build 2 attached ADU's on the site as well to further increase the income over 100%. Select units include dens that can be converted into additional bedrooms to further increase the upside. The property has completed soft story retrofitting and includes 9 individual parking spaces, plus 3 extra tandem spaces, totaling 12 parking spaces. The property is being delivered at a 5.24% cap rate and 11.89 GRM. The building encompasses a total area that is being delivered under market at $313 a foot. This asset is situated in an A+ location of Los Angeles.
Key Highlights
- Located on the best, quiet, primarily residential street in Palms (90034 zip code).
- Significant rental upside (over 57%) by increasing current rents to market rates.
- Potential to increase income over 100% by building 2 attached ADUs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Palms apartment building with significant rental upside potential.
Where is this apartment building located?
The property is located at 10961 Rose Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Located on the best, quiet, primarily residential street in Palms (90034 zip code).; Significant rental upside (over 57%) by increasing current rents to market rates.; Potential to increase income over 100% by building 2 attached ADUs.
