Property profile & analytics
222 Roselake Ave Los Angeles, CA 90026-5248
- Apartment buildings
- 4,716 SF
- 0.10 lot acres
OFF-MARKET
Last Sale
Aug 02, 2023
Aug 02, 2023
$1,400,014
Value Estimations
$1,355,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-8213185
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 222 Roselake Ave
- Year built
- 1965
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 4,716 SF
- Zone code
- LAR4
- Property type
- Apartment buildings
- APN
- 5157-018-049
- APU
- 5157018049
Description
This exceptional Los Angeles retail property presents a compelling investment opportunity. Located at 222 Roselake Ave, Los Angeles, CA 90026, this 4,716 square foot building sits on a 4,423 square foot corner lot. Built in 1965, the two-story structure boasts 10 units, offering a low cost per unit of $165,000 and a desirable unit mix. The property features seven parking spaces and on-site laundry, adding significant value. Currently generating strong income with upside potential, this asset benefits from exceptional visibility and street frontage in a rapidly gentrifying area. The LAR4 zoning allows for flexibility. The property is conveniently located near Echo Park, Hollywood, Koreatown, and Downtown Los Angeles, placing it within a high-demand rental pocket suitable for both market-rate and Section 8 tenants. Three rent-to-own agreements are currently in place. The asking price is $1,650,000, representing a 6.18% cap rate and a price per square foot of $349.87. This is a rare opportunity to acquire a well-positioned, income-producing asset in a thriving Los Angeles neighborhood. The property's APN is 5157-018-049.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,310,000
- ML approach
- $1,305,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,789,000
Market price range: $448k - $1.79M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,305,000 Current use
- MEDICAL BUILDING
- $2,150,000 Change: +65% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,015,000 Change: +54% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,995,000 Change: +53% Conversion: Difficult
- RETAIL STORES
- $1,935,000 Change: +49% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,320,000 Change: +1% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.271
- Latitude
- 34.0698
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,791
$925,000
$475,920
$1,400,920
-
$0.00
$0.00
$0.00
