The Alex 4938 Rosewood Ave Immeuble residentiel 16 lots 7 657 788 € (478 612 €/Lot) Taux de capitalisation 4,50 % Los Angeles, CA 90004

Dover Management Corporation proudly presents The Alex, a meticulously renovated 16-unit multifamily property at 4938 Rosewood Avenue in the thriving Northeast Los Angeles market. This fully upgraded asset blends modern design with functional layouts, providing residents with spacious interiors, enhanced finishes, and amenities. Positioned in a neighborhood known for its prevalent rental demand and cultural vibrancy, the Alex presents investors with immediate stable cash flow at a 4.5% cap rate and meaningful upside through continued rent growth and operational efficiencies.

This asset caters to tenants' urban convenience with well-appointed interiors and significant retention potential. It is in a vibrant, highly walkable neighborhood among Larchmont Village, Koreatown, and major transit lines. The fully occupied unit mix consists of 10 two-bed/two-bath units, four one-bed/one-bath units, and two three-bed/two-bath units, correlating with the 3-mile, 84% renter demand of one, two, and three-bed units. Residents of The Alex are convenient to the Western Center, the Beverly Hobart Plaza, the Griffith Observatory, MacArthur Park Lake, and other local points of interest. Larchmont sits between Melrose Avenue and Beverly Boulevard, a link between Western Avenue and Larchmont Boulevard. Bus routes and stoplights are along these major thoroughfares, and the Vermont/Beverly Station metro is within walking distance.

The 3-mile radius has a population of 572,707 residents, an average household income of nearly $85,000, and annual consumer spending of $6.6B. Year-to-date, the Los Angeles renter demand has been stronger than last year. As the second largest metro in the nation, Los Angeles' economy is vast and diverse, with concentrations in entertainment, tourism, international trade, fashion, and aerospace industries.

With a proven record of high occupancy and tenant satisfaction, this turnkey property is an exceptional opportunity for investors seeking durable income and long-term value in a dynamic submarket.