4938 Rosewood Avenue, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
4938 Rosewood Avenue,Los Angeles, CA 90004
$6,150,000
- 30 Beds
- 28 Baths
- 16,314 sq. ft.
- Multi-family
- Active
Listed by: neema ahadian
Office: marcus & millichap
MLS#:26667211
Source:CRMLS
Price summary
- Price:$6,150,000
- Price per sq. ft.:$376.98
About this home
We are pleased to present The Alex, a 16-unit multifamily investment opportunity located at 4938 Rosewood Ave in the Larchmont neighborhood of Los Angeles, just south of Melrose Avenue between North Wilton Place and Western Avenue. The property features an ideal unit mix of four one-bedroom units(761765 SF), ten two-bedroom units (9651,075 SF), and two three-bedroom units (1,0801,083 SF). The property is fully parked with 14 tandem spaces and two single spaces (30 spaces total), and the soft-story retrofit has been completed.Ownership has extensively renovated all units, featuring hardwood flooring, modern kitchens with updated cabinetry and tile backsplashes, recessed lighting, stainless steel appliances, contemporary lighting fixtures, portable AC units, modern bathrooms, and in-unit stacked washers and dryers. Many units also feature private patios or balconies. In addition to interior upgrades, ownership has completed significant exterior capital improvements, including faade renovations, a new intercom and camera system, electrical building rewire, and copper plumbing throughout. The property also features a common-area backyard with BBQ, turf, and seating, as well as a central courtyard with additional seating.Opportunity to acquire a turnkey asset with no deferred maintenance, offering strong in-place cash flow at a 6.30% CAP rate and 10.06 GRM on current income. Rare opportunity to acquire a sizeable, fully renovated asset in one of Los Angeles' strongest rental submarkets, supported by continued year-over-year rent growth and strong tenant demand.The property boasts a Walk Score of 91, with convenient access to retail and dining along Western Avenue and Melrose Avenue, as well as major employment hubs in Hollywood and Koreatown. The Alex is located just east of the multi-million-dollar homes of Larchmont Village and Hancock Park, creating a significant affordability gap between renting and homeownership, which continues to drive strong rental demand. The surrounding area features strong demographics, with an average household income exceeding $90,000 within a five-mile radius. The property also offers easy access to nearby neighborhoods including Los Feliz, West Hollywood, La Brea, and Downtown Los Angeles....
Contact an agent
Home facts
- Year built:1962
- Listing ID #:26667211
- Added:3 day(s) ago
- Updated:March 23, 2026 at 01:35 PM
Rooms and interior
- Bedrooms:30
- Total bathrooms:28
- Living area:16,314 sq. ft.
Structure and exterior
- Year built:1962
- Building area:16,314 sq. ft.
- Lot area:0.33 Acres
- Levels:2 Story
Finances and disclosures
- Price:$6,150,000
- Price per sq. ft.:$376.98
Parking
- Total parking spaces:30
- Parking description:Community Structure, Gated
New listings near 4938 Rosewood Avenue
- New
$625,000Active2 beds 2 baths1,355 sq. ft.435 S La Fayette Park Place #219, Los Angeles, CA 90057
MLS# 26663233Listed by: DREAM REALTY & INVESTMENTS INC - Open Tue, 10am to 2pmNew
$1,695,000Active3 beds 3 baths2,005 sq. ft.646 Crane Boulevard, Los Angeles, CA 90065
MLS# 26664563Listed by: KELLER WILLIAMS STUDIO CITY - New
$439,000Active-- beds 1 baths720 sq. ft.645 W 9th Street #628, Los Angeles, CA 90015
MLS# 26668167Listed by: DREAM REALTY & INVESTMENTS INC - New
$529,900Active2 beds 2 baths1,092 sq. ft.28004 S Western Avenue #215, San Pedro, CA 90732
MLS# CV26060755Listed by: MAINSTREET REALTORS - Open Sat, 1 to 4pmNew
$890,000Active4 beds 3 baths1,598 sq. ft.13052 Ottoman Street, Arleta, CA 91331
MLS# GD26061282Listed by: JOHNHART REAL ESTATE - New
$629,000Active2 beds 2 baths1,148 sq. ft.14063 Fenton Lane, Sylmar, CA 91342
MLS# SR26061852Listed by: EQUITY UNION - Open Sat, 8 to 11pmNew
$1,299,000Active2 beds 2 baths1,449 sq. ft.5415 Carpenter, Valley Village, CA 91607
MLS# 226001281Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$1,380,000Active4 beds 3 baths2,840 sq. ft.17174 Los Alimos, Granada Hills, CA 91344
MLS# SR26051669Listed by: EQUITY UNION - New
$1,285,000Active3 beds 2 baths1,387 sq. ft.23649 Emelita Street, Woodland Hills, CA 91367
MLS# 26666183Listed by: COLDWELL BANKER REALTY - New
$3,500,000Active3 beds 5 baths3,656 sq. ft.2806 Nichols Canyon Road, Los Angeles, CA 90046
MLS# 26667967Listed by: COLDWELL BANKER REALTY