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Apartments For Sale • 16,314 SF
| The Neema Group of Marcus & Millichap is pleased to present The Alex, a 16-unit multifamily investment opportunity located at 4938 Rosewood Ave. |
| The property features an ideal unit mix of four one-bedroom units, ten two-bedroom units, and two three-bedroom units. |
| 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 modern kitchens, portable AC units, modern bathrooms, and in-unit stacked washers and dryers. |
| Ownership has also completed significant exterior capital improvements, including new electrical and copper plumbing throughout the building. |
| 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. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 10 min | - | 5.4 mi | |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 12 min | - | 5.6 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 21 min | - | 10.7 mi |
| Los Angeles International | 27 min | - | 13.7 mi |
| Long Beach (Daugherty Field) | 39 min | - | 28.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 17 |
| Type: | Covered |
| Included in Rent: | Yes |
Patricia Escobar
Marcus & Millichap
