$5,300,000 4500 Santa Rosalia Drive Los Angeles, CA

MLS: PW20209119   Type: Income   County: Los Angeles   City: Los Angeles   Area: Park Hills Heights   Zip: 90008     Stories: 2

Mortgage $24,883 /mo



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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 LA’s 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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Price History

10/9/2020 Listed $5,300,000

Attached Structure Detached
Community Features Urban
Directions Across from Hillcrest Elementary
Garage Spaces 9.00
Levels Two
Listagentaor Pacific West
Listing Agent Steven Bogoyevac - BRE#01332755
Listing Agent State License 01332755
MLS Area PHHT - Park Hills Heights
Pool Features None
Price Per Square Foot 222.79
Private Pool No
Property Attached Y/N No
Senior Community Y/N No
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 23
Zoning LAR3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 23789.00
Land Lease Y/N No
Lot Features Lot 20000-39999 Sqft
Lot Size Acres 0.5754
Lot Size Area 25066.0000
Lot Size Source Assessor
Lot Size Square Feet 25066.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 0
Number of Separate Gas Meters 13
Number of Separate Water Meters 0
Total Parking 9.00
Water Source Public

Property Schools

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Property vs Zip Code Avg (90008)

Price 5.30M Avg 2.01M

Sqr Feet 23,789 Avg 2,371

Cost / Sqr Ft $223 Avg $850

Acres 0.58 Avg 0.21

Visits 47 Avg 14

Days on Site 13 Avg 28

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Listing Provided Courtesy Of: Steven Bogoyevac with Steven M. Bogoyevac, Broker.

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Location & Address

J Valen RE Team

Los Angeles, CA