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222 Roselake Avenue

Los Angeles, CA 90026

– beds
– baths
– sqft
4,423 sqft lot
1965 build
– on site

**10.03 GRM / 6.18% CAP In place +/- & 7.97 GRM / 8.60% CAP @ Market +/- & Three (3) RTI Adu's** We are pleased to present the opportunity to acquire The Roselake in the submarket of Historic Filipinotown (LA Market) and in close proximity to Echo Park, Hollywood, Koreatown, and DTLA. This offering includes a 10-unit multifamily building built in 1965 with a footprint of approximately 4,716 SF, sitting on a 4,423 SF corner lot zoned LAR4. The Roselake offers an investor a significant value-add opportunity with approximately 25.88% (+/-) of potential upside in rents spread across a desirable unit mix. Delivered with 3 RTI ADUs, the property provides strong in-place income and upside potential. Additionally, it benefits from exceptional visibility and frontage, a low cost per unit, and the possibility of leveraging the high demand for both market-rate and Section 8 tenants. This well-located multifamily property offers a rare opportunity to secure a corner lot with parking and laundry, in a high-demand rental pocket surrounded by new development and continued gentrification. The Roselake is situated in Historic Filipinotown, a diverse and vibrant neighborhood. The property is located close to Echo Park, Hollywood, Koreatown, and Downtown Los Angeles, providing easy access to cultural and commercial hotspots. Historic Filipinotown offers a mix of history and growth, making it a highly attractive area for tenants. Additionally, the property is near Echo Park Lake, numerous cafes, restaurants, and other amenities, offering a rich living experience. This neighborhood continues to experience growth due to its centrality and ongoing gentrification.

Listed By CRMLS_CA / Jared Levine / Keller Williams Realty Calabasas / jared@jaredmlevine.com

Last checked: Checking… • Last updated Oct 10, 2024 •

MLS# SR24198547 —

The Building

Year Built:

1965
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

4716.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

10
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

Two
Entry Location:

Front
Laundry:

In Carport
Laundry:

1

Location

Directions:

Roselake and Court Street
Latitude:

34.06977900
Longitude:

-118.27066200

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LAR4
Lot Features:

Corner Lot
Lot Size Area:

4423.0000
Lot Size Acres:

0.1015
Lot Size SqFt:

4423.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2085.01
Tax Tract:

825
Tax Lot:

A

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

5157018049

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

7.00
Garage Spaces:

4.00
Uncovered Spaces:

2.00
Carport Spaces:

1.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/9/24 Oct 9, 2024	Price Changed	CRMLS_CA	$1,649,000	-0.1%
9/24/24 Sep 24, 2024	Listed / Active	CRMLS_CA	$1,650,000
7/15/21 Jul 15, 2021	Listed / Active	CRMLS_CA

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $1,649,000. 222 Roselake Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 42 days. 222 Roselake Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Rosemont Avenue Elementary School, Lake Street Primary School, Miguel Contreras Learning Complex - Business And Tourism, Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Edward R. Roybal Learning Center, Miguel Contreras Learning Complex - School Of Social Justice, Virgil Middle School, and Ramon C Cortines School Of Visual And Performing Arts.

Listing Courtesy of: CRMLS_CA and Keller Williams Realty Calabasas. Based on information from California Regional Multiple Listing Service, Inc. as of 00:00 on Nov 05.

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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.