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10961 Rose Avenue

Los Angeles, CA 90034

– beds
– baths
– sqft
8,169 sqft lot
1968 build
– on site

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!

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated May 15, 2025 •

MLS# SB25107742 —

The Building

Year Built:

1968
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

9558.00
Building Area Units:

Square Feet
Total Number Of Units:

9
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

9
# of Separate Water Meters:

1
# of Separate Electric Meters:

9

Interior

Levels:

Two
Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

Off of Palms Blvd and S Sepulveda Blvd
Latitude:

34.02341800
Longitude:

-118.42031700

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR3
Lot Features:

0-1 Unit/Acre
Lot Size Area:

8169.0000
Lot Size Acres:

0.1875
Lot Size SqFt:

8169.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2717.03
Tax Tract:

10516
Tax Lot:

10

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4251020010

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Carport
Parking Spaces:

9.00
Garage Spaces:

9.00

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
5/14/25 May 14, 2025	Listed / Active	CRMLS_CA	$2,995,000

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This multifamily located in Silicon Beach, Los Angeles, CA 90034 is currently for sale for $2,995,000. 10961 Rose Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 10961 Rose Avenue is in the Silicon Beach neighborhood of Los Angeles and has a WalkScore® of 61, making it somewhat walkable. This multifamily is in the attendance area of Clover Avenue Elementary School, Venice Senior High School, and Palms Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 22:29 on May 14.

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.