10961 Rose Avenue Los Angeles, CA 90034

Building Details

Year Built

1968

Listing agency LYON STAHL INVESTMENT REAL ESTATE, INC.

Listed by CAMERON SAMIMI

Source Corcoran

Added: Jun 14, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM

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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.

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FAQs

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.