4938 Rosewood Ave, Los Angeles, CA

Name: 4938 Rosewood Ave, For Sale in Los Angeles - eXp Realty
Brand: Marcus & Millichap
SKU: 26667211
Price: 6150000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$6,150,000

302830

MLS® 26667211

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size 16314 sqft

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age 1962

Avg. Price Per Sqft $376

MLS® Number 26667211

Property Address: 4938 Rosewood Ave, Los Angeles, CA, 90004-2522

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present The Alex, a 16-unit multifamily investment opportunity located at 4938 Rosewood Ave in the Larchmont neighborhood of Los Angeles, just south of Melrose Avenue between North Wilton Place and Western Avenue. The property features an ideal unit mix of four one-bedroom units(761765 SF), ten two-bedroom units (9651, 075 SF), and two three-bedroom units (1, 0801, 083 SF). 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 hardwood flooring, modern kitchens with updated cabinetry and tile backsplashes, recessed lighting, stainless steel appliances, contemporary lighting fixtures, portable AC units, modern bathrooms, and in-unit stacked washers and dryers. Many units also feature private patios or balconies. In addition to interior upgrades, ownership has completed significant exterior capital improvements, including faade renovations, a new intercom and camera system, electrical building rewire, and copper plumbing throughout. The property also features a common-area backyard with BBQ, turf, and seating, as well as a central courtyard with additional seating.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 income. Rare opportunity to acquire a sizeable, fully renovated asset in one of Los Angeles' strongest rental submarkets, supported by continued year-over-year rent growth and strong tenant demand.The property boasts a Walk Score of 91, with convenient access to retail and dining along Western Avenue and Melrose Avenue, as well as major employment hubs in Hollywood and Koreatown. The Alex is located just east of the multi-million-dollar homes of Larchmont Village and Hancock Park, creating a significant affordability gap between renting and homeownership, which continues to drive strong rental demand. The surrounding area features strong demographics, with an average household income exceeding $90, 000 within a five-mile radius. The property also offers easy access to nearby neighborhoods including Los Feliz, West Hollywood, La Brea, and Downtown Los Angeles.

MLS® Number26667211

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1962

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 19, 2026List Date

$6,150,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing communications (about real estate brokerage and mortgage lending services), that may be delivered to me via email, telephone and/or text messaging (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any of our texts or by emailing [email protected]. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS eXp Revenos eXp Commercial eXp Luxury eXp Land and Ranch

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards – Designated Managing Broker, Broker Operations – TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker

eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01828532 | Justin DeCesare – Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas – Designated Broker