Skip To Content

222 Roselake Avenue

Los Angeles (City), CA 90026
  • $2,500,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: 21761384
$2,500,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent: David Kaufman of David Ballin Kaufman


Description

222 Roselake Avenue is a 10-unit, two story complex built on the corner of W. Court St. & Roselake Ave. just south of Temple and west of Alvarado St. between Echo Park and Rampart Village. There are 8 parking spaces. The area is red hot and improving with new construction underway across the street. The building was originally built in 1965 and is separately metered for both gas and electric. Tenants also pay for trash. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/119360061
Print Image

222 Roselake Avenue Los Angeles (City), CA 90026

  • Price: $2,500,000
  • Status: Active
  • On Site: 141 Days
  • ID#: 21761384
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1965
Built
Neighborhood:
671 - Silver Lake
County:
Los Angeles
Area:
671 - Silver Lake
Property Description
222 Roselake Avenue is a 10-unit, two story complex built on the corner of W. Court St. & Roselake Ave. just south of Temple and west of Alvarado St. between Echo Park and Rampart Village. There are 8 parking spaces. The area is red hot and improving with new construction underway across the street. The building was originally built in 1965 and is separately metered for both gas and electric. Tenants also pay for trash. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.
Exterior Features

Parking Features CoveredUncovered

Property Features

Gross Income 142309 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 70142 Senior Community YN No Special Listing Conditions Standard Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365795682-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365795682-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365795682-1.jpg
Logo
The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: David Kaufman of David Ballin Kaufman