$3.00M
10961 Rose Avenue, LOS ANGELES, CA 90034
Apartment
Description
10961 Rose is located on the best street in all of Palms. Rose is a primarily residential area of Palms that does not have many apartment buildings. Quiet and beautiful, this area is the single best spot to own in the 90034 zip code. The Rose Apartments are coming to the market for the first time in over 30 years. A beautiful asset with oversized units. The units are currently rented well under market and a buyer can achieve over 57% upside on this asset just by increasing the current rents. A value-add investor may build 2 attached ADU's on the site as well to further increase the income over 100%. We are delivering the property at a very attractive 5.24% cap rate and 11.89 GRM. The property is also being delivered well under market at only $313 a foot. Some of these oversized units have large dens that can be converted to bedrooms to further increase the upside. The property has had its soft story retro fit completed and is well parked with 9 individual spaces + 3 extra tandem spaces on-site for a total of 12 parking. This is a prime asset in an A+ location of LA being delivered under market with tremendous upside!
Property Details
Lot Size
8,169 sqft
Year Built
1968
Garage
9 car
Stories
2
Price History
Listed
May 14, 2025
$3.00M
Sold
Sep 16, 2025
$2.95M
$-45,000
Location
Location Scores
What's Nearby
Restaurants, parks, schools, and more within 3 km. Powered by Google Places.
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8 places within 3 km · Google Places
Listed by Cameron Samimi — Lyon Stahl Investment Real Estate, Inc. (MLS# SBSAMICAM)
MLS# SB25107742
Listing data provided by CRMLS (California Regional Multiple Listing Service). Based on information from CRMLS as of 5/20/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Rose District — DRE# 02356332
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Estimated Monthly Payment
$18,385.83
per month
Loan Amount
$2,396,000
Down Payment
$599,000
Total Interest
$3,198,548
Total Cost
$6,618,898
Rose District
Real Estate Team
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$3.00M
10961 Rose Avenue, LOS ANGELES, CA 90034