15-Bedroom Residential Income - 4505 Santa Rosalia Drive, Los Angeles, CA

Description

4505 Santa Rosalia Dr is a 13-unit + vacant ADU multifamily property in Baldwin Village, offered at $3,450,000, or approx. $246,429 per unit. Built in 1958, the property totals approx. 14,006 SF on a 15,996 SF lot. At current rents, the property performs at a 6.57% CAP and 9.63 GRM. The property is arranged around a large central courtyard anchored by a swimming pool, mature landscaping, open-air walkways, and outdoor seating areas. The two-story building has the feel of a classic Southern California courtyard property, with controlled access, community laundry, 9 parking spaces, and separately metered gas and electricity. Select units feature spacious living areas, fireplaces, large windows, and direct views toward the courtyard and pool. Current annual scheduled gross income totals approx. $358,275, compared with projected income of $401,400, representing approx. 12% rental upside. At projected rents, the property is expected to perform at a 7.74% CAP and 8.59 GRM. Located in the heart of Baldwin Village, 4505 Santa Rosalia Dr sits close to neighborhood schools and recreation, including Hillcrest Drive Elementary, Stella Middle Charter Academy, Coliseum Street Elementary, and Jim Gilliam Recreation Center. The property is also a short drive from the West Jefferson corridor, where restaurants and neighborhood businesses including Highly Likely and Maydan Market have added to the area's growing mix of dining and retail. 4505 Santa Rosalia Dr brings together a 6.57% current CAP, a vacant ADU, additional income growth available in the rent roll, and the kind of courtyard-and-pool setting that gives the property a distinct residential feel. Its location in Baldwin Village, close to neighborhood schools, recreation, and the West Jefferson corridor, adds to a property with both strong current performance and a physical setting that stands apart.

Property details

Location

4505 Santa Rosalia Drive • Los Angeles, CA 90008

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