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Rose Avenue Multifamily Investment Opportunity

10961 Rose Avenue, Los Angeles, CA 90034

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For Sale

$2,995,000

Palms apartment building with significant rental upside potential.

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.
Delivered at an attractive 5.24% cap rate and 11.89 GRM.
Offered well under market value at $313 per square foot.
Soft story retrofit completed and ample parking with 12 spaces (9 individual + 3 tandem).

We can help!

Listing Contact

CAMERON SAMIMI

For Sale

$2,995,000

Palms apartment building with significant rental upside potential.

Added:: Jun 14, 2025
Days on Market:: 361
Last Refresh:: Mar 16 at 9:09 am

Property Features for 10961 Rose Avenue

General Information

Standard status: Active

Building Details

Year Built: 1968

We can help!

Listing Contact

CAMERON SAMIMI

Listing agent CAMERON SAMIMI

Listing office LYON STAHL INVESTMENT REAL ESTATE, INC.

Listing date Jun 14, 2025

Source Corcoran

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.

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.
Delivered at an attractive 5.24% cap rate and 11.89 GRM.
Offered well under market value at $313 per square foot.
Soft story retrofit completed and ample parking with 12 spaces (9 individual + 3 tandem).

Overview

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.

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Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.42
Latitude: 34.0233

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For sale
Apartment buildings
CA
Los Angeles
90034
10961 Rose Avenue

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.